Bruchou advised in RAGHSA’s International Notes Offering and Liability Management Transaction

Bruchou & Funes de Rioja - May 20, 2020

On May 11, 2020, Raghsa S.A. “RAGHSA”, a leading Argentine real estate development company, issued US$58,342,000 8.50% Notes due on 2027 in exchange for approximately 78.4 % of its outstanding US$38,917,00 8.50% Notes due 2021 and approximately 23.3% of its outstanding US$119,729,840 7.25% Notes due 2024.

Banco Itaú Argentina S.A., acted as Argentine dealer manager, The Bank of New York Mellon, acted as trustee, paying agent, transfer agent and registrar, Banco de Valores S.A., acted as local representative of the trustee and Bondholder Communications Group, LLC, acted as information and exchange agent in the exchange offer.

Cleary, Gottlieb, Steen & Hamilton acted as U.S. counsel to RAGHSA through a team led by partner Andrés de la Cruz, associates Benjamín TeránFederico Torassa and Marco D´Angelo.

Bruchou, Fernández Madero & Lombardi acted as Argentine counsel to RAGHSA through a team led by partner Alejandro Perelsztein and associates Leandro BelusciFacundo Sainato and Lucila Dorado.

DLA Piper acted as U.S. and Argentine counsel to the Argentine dealer manager through a team led by partner Nicolas Teijeiro.