We advised the arranger, the security agent and the lenders on the granting of a syndicated loan of up to US$80,000,000 to Grupo Albanesi
Tavarone Rovelli Salim Miani TRSM advised Grupo Albanesi (Generación Mediterránea S.A., Central Térmica Roca S.A. and Albanesi Energía S.A.), and Bruchou & Funes de Rioja advised the Arranger, the Security Agent and the Lenders, in the granting of a syndicated loan for a committed amount of US$ 59,000,000 and a máximum amount of US$ 80,000,000 (the “Loan”), entered into by Generación Mediterránea S.A., Central Térmica Roca S.A., as borrowers, Albanesi Energía S.A., as guarantor, and Banco Hipotecario S.A. as arranger, lender and administrative agent (the “Arranger”), Banco de Galicia y Buenos Aires S.A.U., as security agent and lender (the “Security Agent”), and Banco Supervielle S.A., Banco Santander Argentina S.A., Banco de la Provincia de Córdoba S.A., Banco de la Ciudad de Buenos Aires, Banco de Servicios y Transacciones S.A., and Banco de la Provincia de Buenos Aires (collectively with the Arranger and the Security Agent, the “Lenders”).
The Loan, entered into on January 21, 2025, was partially disbursed by the Lenders on such date, and the funds will be applied to the repayment of the certain short-term liabilities due 2025.
The Loan has a grace period of 12 months, matures in January, 2027, and is secured by a pledge and assignment of its collection rights under certain PPAs (Power Purchase Agreements) of Generación Mediterránea S.A. and Central Térmica Roca S.A., and by a guarantee provided by Albanesi Energía S.A.
Consequently, Grupo Albanesi will obtain the necessary funding to continue its process of improving its long-term debt profile and strengthening its financial position.
Grupo Albanesi was advised internally by its in-house counsel, Mercedes Cabello.
Tavarone Rovelli Salim Miani (TRSM) acted as external legal counsel to Grupo Albanesi (Generación Mediterránea S.A., Central Térmica Roca S.A., and Albanesi Energía S.A.) through its team led by partners Marcelo R. Tavarone, Francisco Molina Portela, and associates Ximena Sumaria, Eduardo N. Cano and Azul Namesny Márquez.
Bruchou & Funes de Rioja‘s Banking & Capital Markets Department acted as external legal counsel to the Arranger, the Security Agent and the Lenders through its team led by partner José María Bazán, and associates Leandro Exequiel Belusci, Juan Rosatto, Quimey Lía Waisten, and Marco Haas.
