We advised Energías Renovables Las Lomas S.A.U. (MSU Green Energy) in entry to the Public Offering Regime, the creation of their Global Notes Program and the issuance of Notes which qualify as Green Bonds

Bruchou & Funes de Rioja advised Energías Renovables Las Lomas S.A.U. (in process of changing its name to MSU Green Energy S.A.U.) in entry to the Public Offering Regime and creation of their Global Notes Program.

Bruchou & Funes de Rioja, alongside Tavarone, Rovelli, Salim & Miani advised in the issuance of Energías Renovables Las Lomas S.A.U. (in process of changing its name to MSU Green Energy S.A.U.)’ Notes Series 1 and 2 which qualify as Green Bonds.

Bruchou & Funes de Rioja advised Energías Renovables Las Lomas S.A.U. (in process of changing its name to MSU Green Energy S.A.U.) (the “Company”), in the entry to the Public Offering Regime of the Argentine Securities and Exchange Commission and in the creation of the Global Notes Program of up to US$200,000,000 (or its equivalent in other currencies or other unit value) (the “Program”).

Energías Renovables Las Lomas S.A.U. (in process of changing its name to MSU Green Energy S.A.U. is a company that is part of the MSU Group -a major player in agricultural production and with a growing presence in the energy sector- engaged in the planning, development, execution and operation of renewable energy projects -wind, solar, hydroelectric, geothermal and biomass- for the production and sale of electricity.

The Company has a large presence in the sector and, upon completion of the Pampa del Infierno and “Las Lomas” solar park projects together with the projects under the RenMDI supply contracts, it will be the largest solar company in Argentina.

Within the scope of the Program, Bruchou & Funes de Rioja advised Energías Renovables Las Lomas S.A.U. (in process of changing its name to MSU Green Energy S.A.U.),  and Tavarone, Rovelli, Salim & Miani advised Banco de Galicia y Buenos Aires S.A.U., Banco Itaú argentina S.A., Banco Santander Argentina S.A. and Banco Supervielle S.A. as arrangers and placement agents; amd Banco de Servicios y Transacciones S.A., Banco de la Provincia de Buenos Aires, Facimex Valores S.A., Allaria S.A., Puente hnos S.A., Invertir en Bolsa S.A., Balanz Capital Valores S.A.U. and Itaú Valores S.A., as placement agents, in the successful issuance of:  (i) the Series  Notes for a nominal amount of US$22,593,401 (dollars twenty-two million five hundred and ninety-three thousand four hundred and one) which qualified as Green Bonds (the “Series 1 Notes”), with a rate of 1.00% and maturing on October 12, 2026; and (ii) the Series 2 Notes for a nominal amount of US$92,406,599 (dollars ninety-two million four hundred and six thousand five hundred and ninety-nine) which qualify as Green Bonds (the “Series 2 Notes”, and together with the Series 1 Notes, the “Notes”), with a rate of 4.50% and maturing on October 12, 2033.

The Notes were issued in line with the four main components of the International Capital Market Association’s Green Bond Principles, following the provisions of the ‘Guidelines for the Issuance of Social, Green and Sustainable Marketable Securities in Argentina and the Social, Green and Sustainable Bonds Guide of the Argentine Stock Exchange and Markets Panel (“ByMA”). Thus, in the green bond evaluation carried out by FIX SCR S.A., the Notes have been qualified as “BV1 (arg)”.

The Notes have been authorized for its listing on ByMA’s Green Panel and for its negotiation on Mercado Abierto Electrónico S.A. (“MAE”).

Legal counsel to Energías Renovables Las Lomas S.A.U. (in process of changing its name to MSU Green Energy S.A.U.) Bruchou & Funes de Rioja: Partner José María Bazán and associates Leandro Belusci, Facundo Suárez Loñ and Teo Panich.

Energías Renovables Las Lomas S.A.U. (in process of changing its name to MSU Green Energy S.A.U.) in-house legal counsel: Ezequiel Abal.

Legal counsel to the Arranger and the Placement Agents

Tavarone, Rovelli, Salim & Miani Abogados: Partner Francisco Molina Portela and associates Eduardo Cano, Ramiro Catena and Agustín Ponti.