TCA represents Lipsa in issuance of dollar-linked Class V Notes
Tanoira Cassagne Abogados has represented Lipsa in the placement and issuance in the local market of the Class V “dollar linked” Negotiable Obligations for a nominal amount of US$19,117,560 at a fixed annual nominal rate of 1%. Martinez de Hoz & Rueda advised the arrangers and underwriters.
The Notes are denominated in US dollars, were subscribed and paid in pesos at the Initial Exchange Rate and in kind by delivery of the Class I Notes at the Exchange Ratio, and will be payable in pesos at the Applicable Exchange Rate. The Notes were issued on 14 July under Lipsa’s Global Programme for the issuance of Negotiable Obligations for an amount of up to US$50,000,000. The Notes will mature on 14 July 2025.
Banco Mariva, Banco de Galicia y Buenos Aires, and Balanz Capital Valores acted as arrangers and underwriters; while Nuevo Chaco Bursátil, Banco de Servicios y Transacciones and Latin Securities 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 integrated by partners Alexia Rosenthal (pictured left), Jaime Uranga (pictured centre, left) and Rocío Carrica (pictured centre, right), with support from associates Lucía Viboud Aramendi, Ana Lucía Miranda and Federico Grieben.
Martinez de Hoz & Rueda’s team included partner José Martinez de Hoz -grandson- (pictured right), and associates Pablo Nisim Schreiber, Luisina Luchini and Julieta Soliverez.
