TCA and MHR act in new issue of Lipsa Notes
Tanoira Cassagne Abogados has acted as counsel to Lipsa in the placement and issuance in the local market of Class VI Notes for a nominal value of USD $12,000,000. Martínez de Hoz & Rueda acted as counsel to the underwriters.
The Notes, denominated, subscribed, integrated and payable in US dollars, were issued on 2 July at a fixed annual nominal interest rate of 9%, maturing on 2 July 2026, under the framework of the Global Programme for the issuance of Notes for an amount of up to USD $150,000,000 by Lipsa.
Banco Mariva, Banco de Galicia y Buenos Aires and Balanz Capital Valores acted as arrangers and underwriters; while Nuevo Chaco Bursátil, Latin Securities, Invertir en Bolsa, Cocos Capital, Industrial Valores and BACS Banco de Crédito y Securitización acted as underwriters.
Lipsa is a family business, dedicated to the agricultural activity with more than a decade in the north of Argentina, whose main activity is the agricultural production of soybeans, corn and wheat.
TCA’s team was composed of partners Jaime Uranga (pictured left) and Rocío Carrica (pictured centre, left), and associates Lucía Viboud Aramendi, Ana Lucía Miranda and Juan Francisco Tineo.
MHR’s team included partners José Martinez de Hoz-grandson (pictured centre, right) and Pablo Schreiber (pictured right), and associates Luisina Luchini and Julieta Soliverez.
