Salaverri assists in exchange of Notes by IRSA
Salaverri Burgio Wetzler Malbrán Abogados has assisted in the international exchange of IRSA Inversiones y Representaciones, addressed to the holders of its Class 2 Notes originally issued by IRSA Propiedades Comerciales at a fixed rate equal to 8.750% maturing in 2023.
The Existing Notes were exchanged for the Class XIV Notes issued for a total nominal amount of USD $171,202,815, maturing in 2028, at a fixed rate equal to 8.750% annual nominal amount, representing approximately 66.38% of the total amount outstanding.
BCP Securities, Citigroup Global Markets, Itau BBA USA Securities and Santander Investments Securities acted as dealer managers; and BACS Banco de Crédito y Securitización, Banco Hipotecario, Banco de Galicia y Buenos Aires, Banco Santander Argentina, Balanz Capital Valores, Puente Hnos, Itaú Valores, Banco Itaú Argentina, Bullmarket Brokers, Invertir en Bolsa, Industrial and Commercial Bank of China (Argentina), SBS Trading and PP Inversiones acted as local placement agents.
Salaverri’s team consisted of partner Roberto Lizondo (pictured) and associates Lucía de Miceu, Delfina Meccia and Camila Mindlin.
