Tanoira Cassagne advises Neuquén province on debt refinancing
Tanoira Cassagne has assisted locally and Cleary Gottlieb globally on the $265 million loan
Tanoira Cassagne Abogados (Argentina) and Cleary Gottlieb Steen & Hamilton LLP (United States) assisted the Province of Neuquén, as debtor, in the refinancing of the secured loans for a total capital amount of $ 265 million.
Bruchou, Fernández Madero & Lombardi (Argentina) and Skadden, Arps, Slate, Meagher & Flom LLP (United States) assisted Credit Suisse Securities (USA) LLC, as book-runner and lead arranger, Credit Suisse AG, London Branch, as Administrative Agent, Credit Suisse International and Credit Suisse AG, Cayman Islands Branch, as lenders.
The refinancing seeks to maintain the provincial public debt at sustainable levels.
Tanoira Cassagne Abogados acted as Argentinian legal counsel to Neuquén province with a team led by partners Alexia Rosenthal (pictured left) and Jaime Uranga (pictured right), and associates Ignacio Criado Díaz and Juan Sanguinetti.
Cleary Gottlieb Steen & Hamilton LLP acted as international legal counsel to Neuquén province with a team formed by partner Andrés de la Cruz, associate Benjamin Teran, international lawyers Juan Ignacio Leguízamo and Lara Gomez Tomei, and paralegal Micaela Mingramm.
Bruchou Fernández Madero & Lombardi acted as Argentinian legal advisors to the arranger, the administrative agent and the lenders with a team led by partner Alejandro Perelsztein, and which involved associates Andrés Chester, Cristian Ragucci and Luisina Rossi.
Skadden, Arps, Slate, Meagher & Flom LLP were the international legal advisors to the arranger, the administrative agent and the lenders with a team led by partner Alejandro González Lazzeri, and which involved associate Nicolás Pérez Sierra and law clerk Diego Diaz Asmat.
Internal lawyer of the Argentine branch of Citibank, N.A. established in the Republic of Argentina, as trustee, Carlos María Vasallo intervened in the transaction.
