TRSYM and Bruchou help in new Grupo Albanesi issue

Tavarone Rovelli Salim & Miani has advised Generación Mediterránea and Central Térmica Roca, and Bruchou & Funes de Rioja the arrangers, placement agents and settlement agent, in their new issues of negotiable obligations for USD $72,574,793.

The co-issuance included the class XXV notes denominated and payable in the country in US Dollars at a fixed interest rate of 9.50% nominal per annum maturing on 18 April 2026 for a nominal amount of US$ 4,505,191; the class XXVI notes denominated in US Dollars and payable in Pesos at a fixed interest rate of 6.50% nominal per annum maturing on 12 April 2026 for a nominal amount of US$ 35,886,341; and the class XXVI notes denominated in US Dollars and payable in Pesos at a fixed interest rate of 6.50% nominal per annum maturing on 12 April 2026 for a nominal amount of US$ 35,886,341. 886,341; and the class XXVII negotiable obligations denominated in Unidades de Valor Adquisitivo (UVAs) and payable in Pesos at a fixed interest rate of 5.00% nominal annual maturity on 12 April 2027 for a nominal amount of 31,820,983 UVAs.

The co-issuance of the Notes together was made under the Simple Negotiable Obligations Programme (not convertible into shares) for a total nominal value of up to US$1,000,000,000 (or its equivalent in other currencies or units of measurement or value).

The Class XXVI and Class XXVII Notes were issued on 12 October 2023 and the Class XXV Notes were issued on 18 October 2023.

The Class XXV Notes were subscribed as follows: (i) US$2,633,626 in cash in US Dollars; and (ii) US$1,871,565 in kind through the delivery of Class XIII Notes co-issued by the Companies on 10 January 2022.

The total issue value of the Class XXV Notes amounts to US$4,505,191.

The Class XXVI Notes were offered to the investing public in two fully fungible series, Series A of Class XXVI and Series B of Class XXVI. Series A of Class XXVI was integrated exclusively in kind through the delivery of Class XI and Class XII Notes for an amount of US$23,617,293, which were co-issued by the Companies on 12 November 2021. Series B of Class XXVI was integrated exclusively in cash in Pesos at the Integration Exchange Rate (as such term is defined in the Supplement dated 6 October 2023) for an amount of US$12,269,048.

Series A and Series B of the Class XXVI Notes are fully fungible with each other, constituting a single class with a total issue value of US$35,886,341.

The Class XXVII Notes were offered to the investing public in two fully fungible series, Series A of Class XXVII and Series B of Class XXVII. The Class XXVII Series A was integrated exclusively in kind through the delivery of Class XII Notes for an amount of 30,638,844 UVAs co-issued by the Companies on 12 November 2021. Series B of Class XXVII was integrated exclusively in cash in Pesos at the initial UVA value (as such term is defined in the Supplement dated 6 October 2023) for an amount of 1,182,139 UVAs.

The Series A and Series B Class XXVII Notes are fully fungible with each other, constituting a single class with a total issue value of 31,820,983 UVAs.

Banco de Servicios y Transacciones, SBS Trading, Balanz Capital Valores, Facimex Valores, Banco de la Provincia de Buenos Aires, Nación Bursátil, Banco Supervielle, Bull Market Brokers, Banco Santander Argentina, Buenos Aires Valores, S&C Inversiones, Macro Securities, Invertir en Bolsa, Adcap Securities Argentina, Don Capital, Global Valores, GMA Capital, Becerra Bursátil, Banco Hipotecario, BACS Banco de Crédito y Securitización and Allaria acted as placement agents for the three classes of Notes, while TPCG Valores and Latin Securities acted as placement agents for the Class XXVI Notes and the Class XXVII Notes. In turn, SBS Capital and Banco de Servicios y Transacciones acted as arrangers, and Banco de Servicios y Transacciones acted as settlement agent for the three classes of Notes.

Fabiana Marcela López León, Claudio Gastón Mayorca and María Mercedes Cabello acted as in-house counsels for Generación Mediterránea and Central Térmica Roca.

TRSYM’s team was led by partner Francisco Molina Portela (pictured left), with support from associates Ximena Sumaria, Agustín Ponti, Quimey Lia Waisten and Sebastián Chibán Zamar.

Bruchou’s team included partner José María Bazán (pictured right) and associates Leandro Exequiel Belusci, Josefina Mortola Saiach and Pedro María Azumendi.