We advised the placement agents in Compañía General de Combustibles S.A.’s issuance of Notes for US$149,575,391
Bomchil advised Compañía General de Combustibles S.A. and Bruchou & Funes de Rioja acted as counsel to the book-running managers and the placement agents in the issuance of 3.00% Dollar- Linked Notes Series 35 payable in pesos at the applicable exchange rate and maturing in February 2026 for a total amount of US$149,575,391.
The Notes Series 35 could be paid-in in cash or in kind, through the delivery of 0.00% Dolar-Linked Notes Series 30 maturing in March 2025, issued by the company in March 2023.
The issuance took place on June 28, 2024, under the company’s Frequent Issuer Regime. The proceeds from the placement of the Notes Series 35 will be used for investments in physical assets located in Argentina, debt refinancing, integration of working capital, acquisition of goodwill and integration of capital contributions in companies controlled by or related to the issuing company, acquisition of equity interests and/or financing of the commercial line of business.
Banco de Galicia y Buenos Aires S.A.U., Industrial and Commercial Bank of China (Argentina) S.A.U. and Banco Santander Argentina S.A. acted as book-running managers and placement agents. Allaria Ledesma & Cía. S.A., BACS Banco de Crédito y Securitización S.A., Balanz Capital Valores S.A.U., Banco Comafi S.A., Banco Mariva S.A., Banco Hipotecario S.A., Cocos Capital S.A., Banco Patagonia S.A., Banco de la Provincia de Buenos Aires, Facimex Valores S.A., Max Capital S.A., Invertir en Bolsa S.A. and Macro Securities S.A.U. acted as placement agents.
The Notes are listed in Bolsas y Mercados Buenos Aires S.A. and admitted for trading in Mercado Abierto Electrónico S.A.
Counsel to the Placement Agents:
Bruchou & Funes de Rioja‘s Banking & Capital Markets Department: Partner: José Bazán. Associates: Leandro Belusci, Lucía de Luca and Melina Signorello.
Counsel to Compañía General de Combustibles S.A.:
Bomchil: Partners: Fermín Caride and María Victoria Tuculet. Associates: Luciano Zanutto, Tomás Celerier and Yazmín Sophie Tek.
