Francisco Molina and José Bazán2

TRSYM and Bruchou advise on new MSU Energy issue

Tavarone Rovelli Salim & Miani has advised MSU Energy, and Bruchou & Funes de Rioja the underwriters, in the issuance of USD 23,236,396 Class VIII and X notes.

The issuance was made on 12 March under its global programme for the issuance of notes for a maximum outstanding amount of up to US$ 900,000,000 (or its equivalent in other currencies or units of measure or value).

The Class VIII Notes were issued for a nominal amount of $ 7,831,109,206, denominated, integrated and payable in pesos, at a floating interest rate plus an applicable margin of 3% nominal per annum, maturing 10 months from the issue date; and the Class X Notes for a nominal amount of US$ 13,987,965, denominated, integrated and payable in US dollars in the country, at a fixed interest rate of 8.25% nominal per annum, maturing 24 months from the issue and settlement date.

The Company may use the proceeds from the issuance of the Notes to refinance liabilities and/or invest in fixed assets to increase its energy production, including, but not limited to, infrastructure works.

Balanz Capital Valores, Banco de Servicios y Transacciones, Puente Hnos, Facimex Valores, Banco Supervielle, Allaria, Invertir Online, Invertir en Bolsa, Banco Santander Argentina, Banco de Galicia y Buenos Aires, Latin Securities, Adcap Securities Argentina, Banco de la Provincia de Buenos Aires, Global Valores, Nación Bursátil and Banco Piano acted as underwriters.

TRSYM’s team was led by partner Francisco Molina Portela (pictured left), with support from associates Ramiro Catena, Agustin Ponti and Juan Cruz Carenzo.

Bruchou’s team was led by partner José María Bazán (pictured right) and associates Leandro Exequiel Belusci, Facundo Martin Suárez Loñ and Teo Panich.

L Giselle Estrada