We advised Banco Macro S.A. on its US$400,000,000 international notes issuance
On January 28, 2026, Banco Macro S.A. (“Banco Macro”), one of Argentina’s leading financial institutions, issued, in the local and international markets, its 8.000% senior unsecured notes due January 28, 2031, for an aggregate principal amount of US$400,000,000 (the “Maturity Date” and the “Notes”, respectively), under Banco Macro’s US$1,500,000,000 Global Medium-Term Note Program (or its equivalent in other currencies and/or monetary, measurement, or value units).
Interest shall be payable semiannually in arrears, commencing on July 28, 2026, and continuing until the Maturity Date.
The principal amount of the Notes will be repaid in full at 100.000% of their nominal value, plus accrued and unpaid interest, on the Maturity Date.
The transaction was carried out in accordance with Rule 144A and Regulation S of the U.S. Securities Act of 1933.
The Notes have been admitted for listing on the Bolsas y Mercados Argentinos S.A., and admitted for trading on the A3 Mercados S.A.
Simultaneously, Banco Macro announced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 6.750% Senior Notes due 2026 (the “2026 Notes”). Of the US$400,000,000 aggregate principal amount of the 2026 Notes outstanding, US$278,545,600 has been validly tendered and accepted for purchase pursuant to the Tender Offer.
Citigroup Global Markers, Inc., J.P. Morgan Securities LLC and Latin Securities S.A. Agente de Valores acted as initial purchasers of the Notes and dealer managers in the Tender Offer (the “Initial Purchasers”), while Macro Securities S.A.U., Balanz Capital Valores S.A.U., and Latin Securities S.A. acted as local placement agents in the issuance of the Notes and as local information agents in the Tender Offer (the “Local Placement Agents”). The Bank of New York Mellon acted as Trustee, Co-Registrar, Principal Paying Agent, and Transfer Agent under the Indenture entered into with Banco Macro, with Banco Santander Argentina S.A. acting as Argentine Representative of the Trustee, Argentine Registrar, Argentine Paying Agent, and Transfer Agent.
Counsel Banco Macro
Bruchou & Funes de Rioja: acted as local legal counsel through its team led by partners Hugo Nicolás Bruzone and José María Bazán, and associates Ramón Augusto Poliche, Juan Rosatto, Lucía De Luca and Francisco Mendioroz.
Linklaters LLP: acted as New York legal counsel through its team led by partners Matthew Poulter and Emilio Minvielle, and associates Thomas Lemouche and Juan Ignacio Itzaina.
In-House Counsel to Banco Macro:
Banco Macro was internally advised by Rodrigo Covello, Ernesto López and Valeria López Marti as in-house counsels.
Counsel to the Initial Purchasers and the Local Placement Agents
Salaverri, Burgio & Wetzler Malbrán: acted as local legal counsel through its team led by partners Roberto Lizondoand Josefina Ryberg, and associates Santiago Linares Luque, Carolina Naguelquin, María Agustina Nallim and Nieves Quiroga.
Simpson Thatcher & Bartlett LLP: acted as New York legal counsel through its team led by partner Juan Naveira, and associates Kirsten Davis, Belen Di Cola and Juan Felipe Saenz Dussan.
