TRSYM and Bruchou act in new issue of Celulosa Argentina
Tavarone Rovelli Salim & Miani acted as counsel to Celulosa Argentina, and Bruchou & Funes de Rioja acted as counsel to the arrangers, the placement agents and the settlement agent, in the issuance of the Class 18 and 19 Notes.
The issuance of both Notes was carried out on 16 May, under the framework of its Global Programme of Negotiable Obligations for a maximum outstanding amount of up to USD $150,000,000 or its equivalent in other currencies.
The Class 18 Notes were issued for a nominal amount of USD $34,873,114 at a fixed rate of 9.25% nominal per annum, maturing on 16 May 2028, denominated and payable in US dollars; while the Class 19 Notes were issued for a nominal amount of USD $4,533,448,945 at a floating Badlar rate and applicable margin of 6.99% nominal per annum, maturing on 16 May 2025, denominated and payable in US dollars.
Banco de Servicios y Transacciones, Puente Hnos, Balanz Capital Valores, Invertironline, Zofingen Securities, Banco Supervielle, Banco de Galicia y Buenos Aires, Adcap Securities Argentina, Banco de la Provincia de Buenos Aires and Banco CMF acted as placement agents. Banco de Servicios y Transacciones and Puente Hnos. acted as arrangers, and Banco de Servicios y Transacciones as settlement agent.
Celulosa Argentina is a company engaged in the production of cellulosic pulp and paper.
TRSYM’s team included partner Marcelo R. Tavarone (pictured left), and associates Martina Ximena Sumaria Gutiérrez, Carolina Pilchik and Juan Cruz Carenzo.
Bruchou’s team was led by partner José María Bazán (pictured right) and associates Leandro Exequiel Belusci, Melina Signorello and Malena Tarrío.
