We advised on AA2000’s issuance of dollar-linked Notes for US$27,773,642
On July 5, 2023, Aeropuertos Argentina 2000 S.A. (“AA2000”) issued Class 10 dollar-linked notes at zero rate and 110.65% issuance price, due on July 5, 2025, to be paid exclusively in kind through the delivery of Class 3 Notes at certain exchange ratio, for a face value of US$25,061,312 (the “Class 10 Notes”).
Likewise, on the same date, AA2000 issued additional Class 9 dollar-linked notes at zero rate, with an issuance price of 119%, due on August 19, 2026, for a face value of US$2,712,330 (the “Class 9 Additional Notes” and, jointly with the Class 10 Notes (the “Dollar-Linked Notes”). The funds received from the placement of Class 9 Additional Notes were allocated to the redemption of all outstanding Class 3 Notes that had not been submitted for the integration of Class 10 Notes.
The Dollar-Linked Notes are listed in Bolsas y Mercados Argentinos S.A. and the Mercado Abierto Electrónico S.A.
Macro Securities S.A.U., Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., Banco Hipotecario S.A., BACS Banco de Crédito y Securitización S.A., Facimex Valores S.A., Balanz Capital Valores S.A.U., Allaria S.A., Latin Securities S.A., TPCG Valores S.A.U., Max Capital S.A., SBS Trading S.A and Puente Hnos. S.A. acted as placement agents in the issuance of the notes (the “Placement Agents”).
Bomchil acted as counsel to AA2000. In turn, Bruchou & Funes de Rioja acted as counsel for the Placement Agents.
AA2000 is the largest airport concessionaire in Argentina since 1998, holding rights –under a Concession Agreement concluded with the Argentine Government– to use, operate and manage 35 of the 56 airports in the Argentine national airport system, including the two largest and most busy airports in Argentina.
Bomchil acted as counsel to AA2000, with a team lead by partners Patricio Martin and Victoria Funes, together with associates Victoria Tuculet, Luciano Zanutto, Hugo Bruzone and Victoria Roja.