We advised on a new successful issuance of CGC for an aggregate amount of US$80,000,000 under its Frequent Issuer program
Bomchil advised Compañía General de Combustibles S.A. and Bruchou & Funes de Rioja acted as counsel to the book-running managers and placement agents on the issuance of 0.00% Dollar- Linked Notes Series 28 due in September 2026 for an aggregate amount of US$80,000,000.
Notes Series 28 could be paid-in in cash or in kind, through the delivery of 3.00% Dollar-Linked Notes Series 18 due in November 2022, issued by the company in November 2022.
The issuance took place on September 7, 2022 under the company’s Frequent Issuer Regime. The proceeds from the placement of the Notes Series 28 will be applied to debt refinancing, working capital and investments in assets located in Argentina.
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; while Allaria Ledesma & Cía. S.A., AR Partners S.A., BACS Banco de Crédito y Securitización S.A., Balanz Capital Valores S.A.U., Banco Mariva S.A., Banco Hipotecario S.A., Facimex Valores S.A., Max Capital S.A., Banco Itaú Argentina S.A., Itaú Valores S.A. and TPCG Valores 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 Compañía General de Combustibles S.A.:
Bomchil: Partner: Fermín Caride. Associates: María Victoria Tuculet, Luciano Zanutto and Delfina Ortega.
Counsel to the Placement Agents:
Bruchou & Funes de Rioja: Partner: José Bazán. Associates: Leandro Belusci and Josefina Mortola Saiach.