We advised in Sidersa S.A.’s first Notes issuance for US$ 27,636,229
TCA Tanoira Cassagne (“TCA”) advised Sidersa S.A. (“Sidersa”), and Bruchou & Funes de Rioja advised Macro Securities S.A.U., Puente Hnos S.A. and Banco Santander Argentina S.A., as arrangers and placement agents, First Capital Markets S.A. and Balanz Capital Valores S.A.U., as placement agents, in its first notes issuance for a nominal amount of US$27,636,229, at a 6.50% rate denominated and payable in US Dollars in Argentina, maturing on December 9th, 2026 (the “Series I Notes”).
The Series I Notes were listed on MAE and BYMA.
Sidersa is an Argentine company with over 70 years of activity, supplying more than 2,000 customers from its industrial complex in San Nicolás, Province of Buenos Aires. It also contributes to solar energy generation through its wind farms located in Ullum, Province of San Juan, which produce seven times more electricity than the company consumes.
Sidersa engages in the recovery, normalization, cutting, and flattening of iron sheets, profiling, tube forming, strapping, pantograph cutting, shot blasting, and cutting profile in general, including any type of industrial process involving flat and non-flat steel laminates.
Legal Counsel to the Placement Agents: Bruchou & Funes de Rioja’s Banking & Capital Markets through a team led by Partner Alejandro Perelsztein; and Associates Juan Rosatto, Malena Tarrío and Gonzalo Vilariño.
Legal Counsel of the Issuer: TCA through a team led by Partners Alexia Rosenthal y Jaime Uranga; and Associates: Juan Sanguinetti, Teófilo Trusso and Stefanía Lo Valvo.
