We advised in the issuance of Notes of Banco Macro S.A. for US$53,000,000
Bruchou & Funes de Rioja advised Banco Macro S.A as issuer, and Macro Securities S.A.U. as arranger and placement agent, Balanz Capital Valores S.A.U., Invertir en Bolsa S.A. and Facimex Valores S.A. as placement agents (together, the “Placement Agents”), in the successful issuance of the Class F Notes for an amount of US$53,000,000 (Dollars fifty -three million) (the “Class F Notes” or the “Notes”, indistinctly) with a fixed rate of 5.00%, maturing on October 31, 2024.
The proceeds of the placement will be used in accordance with the requirements of Section 36 of the Law N° 23.576 and other applicable laws and regulations in force in Argentina, for any of the following uses (i) investments in physical assets and capital goods located in the country, and/or (ii) the acquisition of goodwill located in the country, and/or (iii) the integration of working capital in the country, and/or (iv) the refinancing of liabilities, and/or (v) the integration of capital contributions in companies controlled by or related to the Issuer and/or the financing of its line of business, and/or (vi) the acquisition of equity interests and/or other potential uses contemplated in Art. 36 of the Law N° 23.576.
While its application is pending, the funds may be invested in high quality liquid financial instruments and in other short-term investments.
Legal counsel to Banco Macro S.A. and the Placement Agents
The Banking & Capital Markets Department of Bruchou & Funes de Rioja through a team lead by partners Hugo N. Bruzone and José M. Bazán and associates Lucila Dorado, Josefina Mortola Saiach and Sofía Maselli.