We advised Petroquímica Comodoro Rivadavia S.A., a company engaged in the exploration and production of hydrocarbons, the generation of renewable energy and the production and distribution of cement in a syndicated loan governed by Argentine law for an amount of up to $6,757,530,000. The lenders were Banco de Galicia y Buenos Aires S.A.U., Industrial and Commercial Bank of China (Argentina) S.A. and Banco Santander Río S.A. (2021).
We advised Vista Oil & Gas Argentina S.A.U., a company engaged in the exploration and production of oil and gas, in the refinancing of the Company’s outstanding financial debt. The lenders were Banco de Galicia y Buenos Aires S.A.U., Banco Itaú Argentina S.A., Itaú Unibanco S.A., Nassau Branch, Banco Santander Río S.A., Citibank N.A. and Citibank, N.A., Argentine branch (2020).
HSBC Bank USA N.A., as lender, in a cross border financing for a power project of YPF Energía Eléctrica SA (“YPF Luz”), an Argentine power and renewable energy company, for an amount of up to US$ 30,000,000 (2020).
Banco Itaú Argentina S.A. and Industrial and Commercial Bank of China (Argentina) S.A. in a guaranteed syndicated loan granted to Metrogas S.A. for more than AR$800 million to refinance part of its financial debt(2019).
Nederlandse Financierings-maatschappij Voor Ontwikkelingslanden N.V. (“FMO”), acted as arranger, in a cross border pre-export financing of certain commodities to Vicentin S.A.I.C. for an aggregate principal amount of US$ 150 million. Crédit Agricole Corporate and Investment Bank acted as joint bookrunner and Natixis; New York Branch acted as security agent(2019).
Société de Promotion et de Participation pour la Coopération Economique, Kreditanstalt Für Wiederaufbau, Société Générale and DEG- Deutsche Investitions- und Entwicklungsgesellschaft mbH, as lenders, in a project finance for approximately US$ 234 million for the construction, operation and maintenance of a 208 MW photovoltaic power project of Neoen S.A., located in the province of Salta, Argentina. The financing was granted under the RenovAr renewable energy program in Argentina (2019).
Credit Suisse Securities LLC, as arranger, Credit Suisse AG and London Branch, as administrative agent, and Credit Suisse AG, Cayman Islands Branch, as lender in the US$100 million loan upsize granted to the Province of Neuquén for up to a total amount of US$ 215 million (2019).
INTERNATIONAL FINANCE CORPORATION, INTER-AMERICAN INVESTMENT CORPORATION and RABOBANK, as lenders, in a project finance of US$100 to S.A. San Miguel, the largest citrus exporter in the southern hemisphere.The funds will be used to finance capital investments, working capital needs and expansion of San Miguel’s operations (2018).
Inter-American Investment Corporation, KFW, KFW IPEX-BANK and EKF Denmark’s Export Credit Agency, as lenders, in a project finance for an aggregate amount of US$ 108 million granted for the construction, operation and maintenance of the Bicentenario 125.2 MW renewable wind energy power plant located in the Province of Santa Cruz, Argentina. The financing was granted under the RenovAr renewable energy program in Argentina (2018).
EKF Denmark’s Export Credit Agency and Citibank, N.A. in a loan for an aggregate amount of US$ 122 million granted to Aluar Aluminio Argentino S.A.I.C. to the development of the 60MW El Llano Phases II and III wind farm project located in the province of Chubut, Argentina (2018).
Corporación Andina de Fomento, EKF Denmark’s Export Credit Agency, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. and Sumitomo Mitsui Banking Corporation in a project finance for a total amount of US$ 130 million granted to Genneia for the development and construction of the wind farms Chubut Norte I and Villalonga. The financing was granted under the RenovAr renewable energy program in Argentina (2018).
Cargill, a leading company in the agribusiness sector, in the acquisition of the majority control of Glucovil Argentina S.A., a Ledesma S.A.A.I. company and one of the most important companies of wet corn milling in Argentina, for an aggregate amount of US$ 79.5 million. Cargill acquired 40% of Glucovil shares and will control 70% of the company, leaving Ledesma with the remaining 30%; the total amount of shares may include an additional 7.5%. The transaction also included a US$ 12 million loan to the company, disbursed on closing day, May 29, 2018 (2018).
ING Capital LLC., as arrangers, bookrunner, administrative agent and lender, and Itaú Unibanco, as lender, in a syndicate loan for a total amount of US$ 75 million granted to CPS Comunicaciones S.A. (Metrotel), a telecommunications company, which will use it to expand its services in Argentina. The Bank of New York Mellon, in United States, and TMF Trust Company S.A., in Argentina, acted as trustee (2018).
CP La Castellana S.A.U. and CP Achiras S.A.U., affiliates of Central Puerto, and CP Renovables S.A., subsidiary of Central Puerto, in a project finance for an aggregate amount of US$ 150.7 million to develop two wind farms of jointly 148 MW. The financing was granted under the RenovAr renewable energy program in Argentina (2018).
Citigroup Capital Markets Inc., Credit Agricole Corporate and Investment Bank, JPMorgan Chase Bank N.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Scotiabank in a syndicated loan granted to Raizen S.A. for an aggregate amount of US$ 850 million (2018).
International financial entities as mandated lead arrangers and lenders, in a secured financing to GE EFS Power Investments B.V. (controlled by GE Energy Financial Servicies, Inc.) for the subscription and partial payment of subscription price of capital stock of YPF Energía Eléctrica S.A. equivalent to 24,99% (2018).
Citibank N.A., HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC, Industrial and Commercial Bank of China Limited, JPMorgan Chase Bank N.A., and Banco Santander S.A., as lenders, Citigroup Capital Markets Inc., HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC, Industrial and Commercial Bank of China Limited, JPMorgan Chase Bank N.A., and Banco Santander S.A., as arrangers in a syndicated loan granted to Telecom Argentina S.A. for an aggregate amount of US$1 billion. The loan was granted to finance the company´s investment plan in Argentina during the fiscal year 2018 (2018).
BBVA Banco Francés S.A., Banco de la Ciudad de Buenos Aires, Banco de la Provincia de Buenos Aires, Banco de La Pampa S.E.M., Nuevo Banco de Santa Fe S.A. and Nuevo Banco de Entre Ríos S.A., as lenders, and BBVA Banco Francés S.A., as administrative agent, in a syndicated loan granted to Pan American Energy LLC Sucursal Argentina in the amount of US$ 99 million (2017).
Banco de Galicia y Buenos Aires S.A. and HSBC Bank Argentina S.A. as a lenders in a project finance for Simplot Argentina S.R.L. and San Fili S.A. (and secured by Campos Los Ranchos S.A.), executed on October 5th, 2017. The resources will be destined to Simplot Project, which consists in the acquisition of the machinery and construction of a plant in the province of Mendoza (2017).
Inter-American Investment Corporation (IDB Invest), Banco Santander and Industrial and Commercial Bank of China in a US$ 104 million financing package granted to Greenwind S.A. -a subsidiary of Pampa Energía S.A.- for the 100.05MW El Corti wind farm in Bahia Blanca, Argentina. The loan was one the first financings granted by international lenders to a project developed under the RenovAr renewable energy program in Argentina (2017).
Industrial and Commercial Bank of China (Argentina) S.A.and Banco de Galicia y Buenos Aires S.A., acting as arrangers of syndicate of local banks, and with the support of General Electric Company acting as EPC Off-Shore and On-Shore Contractor, in two syndicated loans to UENSA S.A. and UGEN S.A. (both affiliates of MSU Energy Group) in the amount of US$ 230 million for the construction, operation and maintenance of two thermoelectric power plants (2017).
Inter-American Investment Corporation as lenders of a loan in the amount of US$ 124.4 million to Autopistas Urbanas S.A. (AUSA). The proceeds of the loan will be used for AUSA’s investment program, which includes civil works for the connectivity and traffic improvement in the City of Buenos Aires, under the Second Road Safety and Urban Mobility Program (2017).
The Province of La Rioja, as lender, and Banco Rioja S.A., as trustee, in a loan in the amount of US$ 170 million granted to Parque Eólico Arauco S.A.P.E.M., a partnership of the provincial government and Energía Argentina S.A. (ENARSA), whose purpose is the commercialization of energy. The proceeds of the loan will be used for the development of three new wind farms: Stage 3 of the Arauco I Wind Farm and stages 1, 2, 3 and 4 of the Arauco II Wind Farm (2017).
Antes de 2017
Genneia in a loan in the amount of US$ 102 million granted by Banco Macro, Banco Itaú and Industrial and Commercial Bank of China (Argentina) as lenders. Banco de Servicios y Transacciones acted as trustee and collateral agent. The proceeds of the loan will be used to purchase power turbines and equipment (2016).
UBS, as lender, of a secured loan for an aggregate amount of US$ 124 million, granted to Desarrolladora Energética S.A. (DESA), to finance the acquisition of an indirect stake of 90% of Empresa Distribuidora de Energía Norte S.A. (EDEN) and Empresa Distribuidora de Energía Sur S.A. (EDES) (2016).
Citibank N.A., Deutsche Bank AG London Branch, Credit Agricole Corporate and Investment Bank, Banco de Galicia y Buenos Aires S.A., Banco Hipotecario S.A. and Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch, as lenders, Citibank N.A., as administrative and collateral agent, andCitibank N.A. Argentine Branch, as Argentine payment and collateral agent, in a senior secured bridge loan for an aggregate amount of approximately US$ 600 million, to be disbursed in several tranches, granted to Pampa Energía S.A., to finance the acquisition of Petrobras Participaciones, S.L., Sociedad Unipersonal, company incorporated in Spain, holder of 67.1933% of the capital stock and votes of Petrobras Argentina S.A. (2016).
Sole Argentine counsel to the syndicate of international banks that allowed the Argentine Central Bank (BCRA) to increase the level of its international monetary reserves. The transaction consisted a series of repurchase agreements of Bonar 2022, Bonar 2025 and Bonar 2027 bonds in the BCRA portfolio for an aggregate amount of US$ 5 billion for the purpose of bolstering foreign reserves and facilitating the BCRA’s capacity to confront external shocks and, thereby, avoid disruption in the local market (2016).
BVA Banco Francés S.A., Banco Santander Río S.A., HSBC Bank Argentina S.A. and La Sucursal de Citibank, N.A. Establecida en la República Argentina, as co-arrangers, BBVA Banco Francés S.A., Banco Santander Río S.A., HSBC Bank Argentina S.A., La Sucursal de Citibank, N.A. Establecida en la República Argentina, Banco Macro S.A., Banco de Galicia y Buenos Aires S.A., Banco Hipotecario S.A., BACS Banco de Crédito y Securitización S.A., Industrial and Commercial Bank of China (Argentina) S.A., Banco Patagonia S.A. and Banco de la Pampa Sociedad de Economía Mixta, as lenders, and BBVA Banco Francés S.A., as Administrative Agent, in a syndicated loan granted to Bayer S.A. for an aggregate amount of AR$ 2,400 million (approximately US$ 245 million) (2015).
Banco Hipotecario S.A., BACS Banco de Crédito y Securitización S.A., Industrial and Commercial Bank of China (Argentina) S.A. and the Argentine Branch of Citibank N.A., as arrangers and lenders, in a syndicated loan granted to Petrolera Pampa S.A. for an aggregate amount of US$ 83.4 million. The proceeds of the loan will be used by the company to fund the investments of the company due under the agreement executed with YPF S.A., recently amended by the parties, to develop hydrocarbon formations within the Rincón del Mangrullo Area, located in the Province of Neuquén, Argentina (2015).
BBVA Banco Francés S.A., Banco de Galicia y Buenos Aires S.A., Banco Santander Río S.A., Industrial and Commercial Bank of China (Argentina) S.A., Banco Hipotecario S.A. and Banco Macro S.A., as lenders of a loan in the amount of US$ 141 million to Ledesma. The proceeds of the loan will be used to finance working capital, investments, and refinancing operations for assets in the province of Jujuy in the north west of Argentina (2015).
Inter-American Development Bank (IDB) as lenders of a loan in the amount of US$ 130 million to Autopistas Urbanas S.A. (AUSA). The proceeds of the loan will be used for AUSA’s investment program, which includes civil works in connection with the road infrastructure for the City of Buenos Aires, under the Road Safety and Urban Mobility Program (AR-L1166) (2015).
China Development Bank Corporation and Industrial and Commercial Bank of China Limited in a credit facility agreement for an amount of up to US$ 2,099,965,834 entered into with The Ministry of Economy and Public Finance of the Republic of Argentina (Ministerio de Economía y Finanzas Públicas de la República Argentina) on behalf of the Republic of Argentina, and China Export & Credit Insurance Corporation (SINOSURE), with the purpose of financing a rehabilitation project of the Belgrano Cargas railway line by financing direct payments in the course of a commercial contract between The Ministry of the Interior and Transport of the Republic of Argentina (Ministerio del Interior y Transporte de la República Argentina) and China Machinery Engineering Corporation (2014).
BBVA Banco Francés S.A., Banco Santander Río S.A., HSBC Bank Argentina S.A. and La Sucursal de Citibank, N.A. Establecida en la República Argentina, as co- arrangers, BBVA Banco Francés S.A., Banco Santander Río S.A., HSBC Bank Argentina S.A., La Sucursal de Citibank, N.A. Establecida en la República Argentina, Banco Macro S.A., Banco de Galicia y Buenos Aires S.A., Banco Hipotecario S.A., BACS Banco de Crédito y Securitización S.A., Industrial and Commercial Bank of China (Argentina) S.A., Banco Patagonia S.A. and Banco de la Pampa Sociedad de Economía Mixta, as Lenders, and BBVA Banco Francés S.A., as Administrative Agent, in a loan granted to Bayer S.A. for an aggregate amount of AR$ 1,400 million (approximately US$ 162.8 million) (2014).
Banco Hipotecario, BACS Banco de Crédito y Securitización, Industrial and Commercial Bank of China and Citibank, as lenders, in a loan granted to Central Térmica Loma de la Lata for an aggregate amount of US$ 52 million, proceeds which will be used to refinance part of its outstanding debt (2014).
Banco de Galicia y Buenos Aires S.A. y HSBC Bank Argentina S.A., as lenders and arrangers, granted a loan to Los Cipreses S.A. – Sucursal Argentina in the amount of AR$38,000,000, the proceeds of the loan were applied by the borrower to a project which is being carried out in San Vicente, Province of Buenos Aires which involves the construction of a liquefaction plant which will convert gas from a gaseous state to a liquid state through a combined system of compression and cooling in order to provide fuel to a state-of-the-art fleet of ships (2014).
BBVA Banco Francés S.A. and HSBC Bank Argentina S.A., as lenders and arrangers, granted a loan to HABITAT ECOLOGICO S.A. in the amount of AR$85,000,000. The borrower is a leading company in Argentina in the waste collection industry, transport and treatment of pathogenic, special, hazardous and industrial waste. The proceeds of the loan were applied by the borrower to acquire an argentine company in the same industry. The parent company of the borrower based in the United States acted guarantor of the facility (2014).
Banco de Galicia y Buenos Aires S.A. and Banco de la Ciudad de Buenos Aires, as lenders and arrangers of a loan in the amount of AR$ 35 million to Barugel Azulay & Cía. S.A.I.C., a leading Argentine company in bathroom and kitchen items. The funds of the loan were destined to finance certain investment projects in the city of Buenos Aires (2014).
BBVA Banco Francés S.A., Banco de Galicia y Buenos Aires S.A., Industrial and Commercial Bank of China (Argentina) S.A. and Banco Santander Río S.A., as lenders and arrangers of a loan in the amount of AR$ 400 million granted to Ledesma Sociedad Anónima Agrícola e Industrial, one of the most important agribusiness companies in Argentina. The funds of the loan were destined to finance working capital, investments, debt refinancing and other general corporate purposes (2014).
Itaú Unibanco New York Branch, certain other financial institutions as Lenders and Itaú Unibanco Nassau Branch, acting as Administrative Agent in a US$110 million credit facility granted to Pan American Energy LLC, Argentine Branch in order to refinance existing foreign debt (2014).
Legal counsel to a syndicate of Chinese banks lead by China Development Bank Corporation and composed by Bank of China Limited and ICBC (Industrial and Commercial Bank of China Limited) in a US$ 4,714,350,000 15-year loan granted to the Republic Argentina for the construction of hydroelectric dams in the Province of Santa Cruz, secured by security assignments of funds under power purchase agreements and security assignments of certain insurance policies (2014).
Banco de Galicia y Buenos Aires, Banco Ciudad and Banco Macro, as lenders, in a secured AR$ 43 million loan granted to Gnvgroup Desarrollos Urbanos S.A. secured by a mortgage and an assignment in trust (2013).
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), the Dutch development bank, in a US$100 million medium term pre-export financing to Vicentin S.A.I.C. (2013).
BBVA Banco Francés S.A. and HSBC Bank Argentina S.A., as lenders and arrangers of a loan for an aggregate amount of AR$120 million granted to a leader company in Argentina in the services of collection, transportation, treatment of medical, special or hazardous industrial waste. Loan proceeds were allocated to the acquisition of two companies in the same industry established in the country. The controlling company of the debtor headquartered in the United States of America acted as guarantor of the financing (2013).
Banco Santander Rio S.A., BBVA Banco Francés S.A., HSBC Bank Argentina S.A. and Banco de Galicia y Buenos Aires S.A., as lenders and arrangers, in a loan granted to Promaíz S.A. for an aggregate amount of AR$140 million (US$25.9 million) to finance capital investments in the Province of Córdoba and the cancellation of certain short-term liabilities. In order to guarantee the obligations of Promaíz S.A., Aceitera General Deheza S.A. and Bunge Argentina S.A. acted as guarantors (2013).
Banco de Galicia y Buenos Aires S.A., Banco de la Ciudad de Buenos Aires, BACS Banco de Crédito y Securitización S.A. and Banco de San Juan S.A., as lenders, in a loan granted to Cordial Compañía Financiera S.A. for an aggregate amount of AR$70 million (US$13 million) to finance working capital and refinance liabilities (2013).
Credit Suisse International, as lender, in the restructuring of a secured loan to Endesa Costanera S.A., one of the main power generators in Argentina, in the amount of US$10 million (2013).
BBVA Banco Francés S.A., Banco Santander Río S.A., HSBC Bank Argentina S.A., Banco Hipotecario S.A., BACS Banco de Crédito y Securitización S.A. and Standard Bank Argentina S.A., as lenders and arrangers, in a AR$500 million (approximately US$96.2 million) loan granted to Loma Negra C.I.A.S.A. (2013).
Banco de Galicia y Buenos Aires S.A. and Banco de la Ciudad de Buenos Aires, as lenders and arrangers, in a AR$49.5 million (approximately US$9.5 million) syndicated loan granted to Camuzzi Gas Pampeana S.A. (2013).
Banco Macro S.A., as lender, in the granting of two loans to the Province of Mendoza, one in the amount of AR$100 million (approximately US$20.8 million), secured by the assignment of resources of the federal tax coparticipation regime, and the other in the amount of AR$160 million (approximately US$33.3 million) secured by the assignment of resources of the federal tax coparticipation regime and hydrocarbon royalties (2012).
The European and Argentine subsidiaries of Havells, an Indian electrical equipment company, in a loan in the amount of US$97.3 million granted by a syndicate of banks led by HSBC Bank (2012).
Banco de Galicia y Buenos Aires S.A., Banco de la Ciudad de Buenos Aires, Banco Hipotecario S.A. and Banco Itaú Argentina S.A., as lenders, in a loan granted to MSU S.A. for an aggregate amount of AR$54 million (approximately US$11.5 million) to finance corporate needs to develop its activities in the Province of Santa Fe, Republic of Argentina (2012).
Credit Agricole, as lender, under a pre-export financing loan with Cargill SACI for US$75 million (2012).
Standard Bank Argentina S.A. and Banco de la Ciudad de Buenos Aires S.A., as lenders and arrangers, in a AR$60 million (approximately US$12.8 million) loan granted to Tavex Argentina S.A. to finance investment in fixed assets and working capital (2012).
Citibank and Standard Bank, as lenders, in a US$90 million loan granted to Pampa Inversiones to finance the acquisition of Compañía de Inversiones de Energía (CIESA)’s unpaid debt in 2011 (2012).
Citibank (Argentina) -as lender- in a secured loan granted to biodiesel production company Unitec Bio for an aggregate amount of AR$148 million (approximately U$S33 million). The security package includes both personal and in rem collateral. The loan was granted to finance the construction and development of an extension to a biodiesel plant located in Puerto General San Martín, Rosario (2012).
Atanor S.C.A. in a syndicated loan in the amount of AR$160 million (approximately US$36.5 million) granted by Banco de Galicia y Buenos Aires S.A., Banco Hipotecario S.A., Banco Itaú Argentina S.A. and La Sucursal de Citibank N.A., establecida en la República Argentina -as arrangers and lenders- to finance certain short-term debt and working capital. La Sucursal de Citibank N.A., establecida en la República Argentina acted as Administrative Agent and Collateral Agent (2012).
Credit Suisse International -as lender- and Credit Suisse AG, London Branch -as administrative agent- in a loan granted to Central Térmica Roca S.A., an Argentine company belonging to the Albanesi Group, for an aggregate amount of up to US$30 million. Additionally, Standard Bank Argentina S.A. -as arranger and administrative agent-, Banco Itaú Argentina S.A. -as arranger-, and Banco de la Ciudad de Buenos Aires, granted the company a loan for an aggregate amount of up to AR$85 million. The loans were granted to finance works relating to (i) the re-commissioning of the turbine, (ii) the conversion of the Turbine to a dual-fuel unit (by adding liquid fuel operation capacity to the plant) and (iii) the construction of certain ancillary facilities; all this work to be done in Central Termoeléctrica Roca, an existing 126 MW generation plant located in the city of General Roca, province of Río Negro, Argentina (2012).
Banco Itaú Argentina S.A. -as administrative agent-, Standard Bank Argentina S.A. and Banco de la Ciudad de Buenos Aires in a financing to Rovella Carranza S.A. (“Rovella”) for the acquisition of the future controlling company –EDESAL Holding– of Empresa Distribuidora San Luis S.A. (“EDESAL”), through the provision of a syndicated loan in the amount of forty-five million pesos ($45,000,000) in favor of Rovella, and a syndicated loan in the amount of sixty million pesos ($60,000,000) in favor of EDESAL (2011).
International Finance Corporation (IFC), as lender, in a US$5 million and €13,829,345 loan granted to S.A. San Miguel A.G.I.C.I. y F. and secured by a second degree mortgage, to finance the corporate investment programme of the company in the Province of Tucumán and to refinance certain existing indebtedness (2011).
Interamerican Development Bank (IDB), as lender, in the refinancing of a US$80 million loan granted to Adeco Agropecuaria S.A. and Pilagá S.A., as borrowers jointly liable, in December 2008 and secured by a first degree mortgage, and simultaneous disbursement of US$30,833,520 thereunder to be used in agribusiness activities of the borrowers in Argentina (2011).
Inter-American Development Bank (IDB), as lender under a US$150 million loan agreement to Wind Power Energia S.A. -a subsidiary of Industrias Metalúrgicas Pescarmona S.A.I.C. y F. (IMPSA)- and guaranteed by IMPSA, for the financing of wind energy generation projects in Latin America (2011).
Credit Suisse International, as lender, in the refinancing of US$23.5 million secured debt of Patagonia Bioenergía S.A., to be used for the expansion of its biodiesel production capacity (2011).
International Finance Corporation (IFC) in a US$ 10 million loan to FV S.A., Argentina’s leading manufacturer of bathroom and kitchen fixtures (2011).
Generación Mediterránea S.A. -an Argentine company belonging to the Albanesi Group-, as debtor, and Standard Bank Argentina S.A., Banco Itaú Argentina S.A., Banco de Servicios y Transacciones S.A., Banco del Chubut S.A., Banco de la Nación Argentina, Banco Hipotecario S.A., Banco de la Ciudad de Buenos Aires S.A., HSBC Bank Argentina S.A. and Banco de la Provincia de Córdoba S.A., as lenders, in an amendment to a AR$200 million (approximately US$47 million) loan agreement, extending such loan up to AR$316 million (approximately US$74.5 million), granted in order to pay certain debt of Generación Mediterránea. Standard Bank Argentina S.A. acted as Arranger and Administrative Agent and Banco Itaú Argentina S.A. acted as Arranger (2011).
Banco Santander Río S.A., as lender, in a AR$44 million credit facility granted to Central Buen Ayre S.A., funds which will be used by the company to finance the Clean Development Mechanism project which is under registration before the United Nations as a project named “Norte III.C landfill – Methane recovery and power generation project” that involves the collection, treatment, processing and power generation from gas generated by urban solid waste contained in one of CEAMSE’s landfill, located in Partido de Tigre and San Miguel. Furthermore, part of the funds will be used to finance the construction of a plant, to be carried out by Caterpillar Financial Corporation S.A., for the capture and destruction of landfill gas produced by urban solid waste contained in such module (2011).
Banco de Galicia y Buenos Aires S.A., as arranger, administrative agent and lender, Banco Hipotecario S.A., as co-arranger and lender, and Banco de la Ciudad de Buenos Aires, as lender, in a US$13 million syndicated credit facility granted to MSU S.A., funds which will be used by the company for corporate financing for the development of its activities as provided for in Section 2.1.2 of Argentine Central Bank Communication “A” 4851 (as amended) (2011).
BBVA Banco Francés S.A., as arranger, administrative agent and lender, and Banco Hipotecario S.A. and the Branch of Citibank, N.A. established in the Republic of Argentina, as lenders, in a AR$150 million (approximately US$36.3 million) syndicated credit facility granted to Rayen Cura S.A.I.C., funds which will be used by the company mainly and exclusively for the expansion of its glass bottle production plant and the remainder for working capital purposes (2011).
Banco Santander Río S.A., BBVA Banco Francés S.A. and HSBC Bank Argentina S.A. -acting jointly in their capacity as arrangers and lenders-, and Banco Santander Río S.A. -in its capacity as administrative agent-, in a AR$130 million (approximately US$31,5 million) syndicated credit facility granted to Gas Natural Ban S.A., proceeds that shall be used by the company to i) cancel all amounts outstanding under its AR$100 million series 3 notes (obligaciones negociables) and ii) for working capital purposes (2011).
Credit Agricole Corporate & Investment Bank, New York Branch, HSBC Bank USA, National Association, JPMorgan Chase Bank, N.A., Citibank N.A., acting through its international banking facility branch, Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., BNP Paribas, and Natixis in a US$350 million credit facility granted to Pan American Energy LLC, Argentine Branch in order to refinance existing foreign debt (2011).
Banco de Galicia y Buenos Aires S.A. -in its capacity as arranger and lender-, Banco Santander Río S.A. -in its capacity as arranger, lender, administrative agent and collateral agent-, Banco Hipotecario S.A. -in its capacity as lender- and Banco de la Ciudad de Buenos Aires -in its capacity as lender- in a $100 million (approximately US$25 million) syndicated credit facility granted to Garbarino S.A.I.C.e I., proceeds that shall be used to finance working capital and credit facility transactions (2011).
BBVA Banco Francés S.A. and HSBC Bank Argentina S.A. -in their capacity as co-arrangers and lenders- in a $120 million (approximately US$30 million) syndicated credit secured facility granted to Ferrosur Roca S.A. and guaranteed by Loma Negra C.I.A.S.A., proceeds that shall be used to refinance certain debt (2010).
Credit Suisse, Cayman Islands Branch -as lender, administrative agent and special collateral agent- and Citibank, N.A. -as global collateral agent-, in a US$80 million credit facility granted to Estrella International Energy Services Ltd., an oilfield services company with operations in Argentina, Chile, Colombia, Peru and Bolivia (2010).
Standard Bank Argentina and HSBC Bank Argentina -as arrangers and lenders- in a $130 million syndicated loan agreement granted to Empresa Distribuidora de Energía Norte S.A. (“EDEN”), funds that shall be used to restructure EDEN’s financial indebtedness and to finance working capital. Standard Bank Argentina also acted as administrative agent under the loan (2010).
Generación Mediterranea S.A. -as debtor- in a US$51 million guaranteed loan agreement entered into with Standard Bank Argentina S.A., Banco Itaú Argentina S.A., Banco del Chubut S.A., Banco de la Nación Argentina, Banco Hipotecario S.A., Banco de la Ciudad de Buenos Aires S.A. and Banco de Servicios y Transacciones S.A., to finance, among others, (i) the expansion of the Thermoelectrical Power Station Modesto Maranzana, and (ii) the payment of certain debt of Generación Mediterránea (2010).
Banco Itaú Argentina S.A., Standard Bank Argentina S.A., Banco de la Ciudad de Buenos Aires S.A., Banco de Galicia y Buenos Aires S.A. and Banco Hipotecario S.A. -as lenders- in a US$53 million guaranteed loan agreement granted to Argentine electricity distributor Empresa Distribuidora Eléctrica Regional S.A., funds that shall be destined to pay off debt and finance its operations (2010).
Banco de Galicia y Buenos Aires S.A. and Standard Bank Argentina S.A. in a US$12,8 million syndicated loan agreement granted to Coca-Cola Polar Argentina S.A., funds that shall be destined to finance the improvement and expansion of the installed capacity of the company in the Province of Buenos Aires (2010).
Interamerican Development Bank in a loan agreement granted to Loma Negra C.I.A.S.A. for an aggregate principal amount of US$125 million, funds that shall be destined for investments in the Province of Buenos Aires and Neuquen’s manufacturing plants (2009).
Citibank, as administrative agent, in a US$1.9 billion debt financing package to US-based cleaning company JohnsonDiversey and its subsidiaries (2009).
International Finance Corporation in a US$100 million unsecured loan agreement granted to Arcor S.A.I.C., funds that shall be destined to finance working capital requirements of Arcor’s industrial activities (2009).
Interamerican Development Bank in a secured loan agreement granted to Adeco Agropecuaria S.A. and Pilagá S.R.L. for an aggregate principal amount of US$80 million, funds that shall be destined to refinance the co-borrowers’ outstanding debt and finance capital expenditures relating to the co-borrowers’ agribusiness activities in Argentina (2009).
International Finance Corporation in a secured loan agreement granted to Aceitera General Deheza S.A. for an aggregate principal amount of US$60 million, funds that shall be destined to finance the co-borrowers’ capital expenditures program and related incremental working capital needs (2009).
International Finance Corporation in a US$20 million loan to FV, Argentina’s leading manufacturer of bathroom and kitchen fixtures (2009).
Citibank, N.A., Argentine Branch, in its capacity as lender, administrative agent and arranger, Standard Bank Argentina S.A., in its capacity as lender and arranger, and Banco de Galicia y Buenos Aires S.A., in its capacity as lender and co-arranger, in a US$18,5 million loan agreement granted to Ferrosur Roca S.A. (2009).
International Finance Corporation in a secured loan agreement granted to S.A. San Miguel A.G.I.C.I. y F., S.A. San Miguel Uruguay and Milagro S.A., for an aggregate principal amount of US$10 million, funds that shall be destined to finance the co-borrowers’ expansion program in Uruguay (2009).
HSBC, the deal’s trustee, in International Finance Corporation‘s US$37 million loan granted to Argentine oil and gas company Roch to bolster its operations and capital expenditures (2008).
Citibank, N.A., Calyon New York Branch, Deutsche Bank AG, London Branch, Banco Inbursa, S.A. Institución de Banca Múltiple, Grupo Financiero Inbursa, Grand Cayman Branch and other various financial institutions in a US$470 million facility to San Antonio Oil & Gas Services Ltd., a leading onshore drilling services provider (2008).
Arcos Dorados in the refinance of a US$350 million bridge loan used to secure its franchising of McDonald’s Corporation’s Latin American restaurants (2008).
Banco de la Provincia de Córdoba S.A., the arranger of the credit agreement which is considered the first energy infrastructure project being financed by the Government’s pension funds administrator as lender, in the US$300 million loan from the Fondo de Garantía de Sustentabilidad del Régimen Previsional Público de Reparto -part of the Government’s pension funds administrator ANSES (Administración Nacional de la Seguridad Social)-, to Empresa Provincial de Energía de Córdoba, a leading player in the production, transport and distribution of electricity (2008).
Calyon New York Branch, J.P.Morgan Chase Bank, ABN AMRO Bank, Banco Itaú S.A., New York Branch, NATIXIS, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., Rabobank Nederland, New York Branch and Export Development Canada in a US$200 million facility granted to the Argentine Branch of Pan American Energy LLC, a leading Argentine company engaged in the exploration, development and production of oil and gas (2008).
DEG – Deutsche Investitions und Entwicklungsgesellschaft, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden and Equity Trust Company in a US$90 million loan granted to Argentina’s largest pulp and paper producer, Celulosa Argentina, which will be used to invest in forestry assets (2008).
ABN AMRO Bank N.V. and Banco Macro S.A. in a US$77.3 million financing facility granted to Emgasud S.A. to finance the acquisition, construction and operation of several mobile power units (2008).
ABN AMRO Bank N.V., ABN AMRO Bank N.V.,Sucursal Argentina and Banco Macro S.A., in a US$44,3 million loan granted to Argentine power company Emgasud, to finance the acquisition, construction and operation of four electricity and power production facilities from gas-oil and natural gas, which will operate 11 TM 2500 mobile power units and 2 Taurus 60 mobile power units for the supply of energy in accordance with the Energía Distribuida II Programme (Licitación II ENARSA N° 002/2007) (2008).
International Finance Corporation in a US$130 million loan to Arcor (2007).
Banco Santander in a US$350 million loan to Arcos Dorados (2007).
Credit Suisse, as lender, in a US$110 million loan granted to Tapebicua LLC (2007).
Credit Suisse, as lender, in a US$70 million loan granted to Generación Mediterranea S.A. (2007).
Credit Suisse, as lender, in a US$30 million loan granted to Unitec Bio S.A. (2007).
Dresdner Bank AG, London Branch, Deutsche Bank, Impsa, as Arranger, Agent and Borrower, respectively, in a US$36 million loan granted to Impsa International Inc. (2007).
Standard Bank Plc. and Standard Bank Argentina as Administrative Agent, in a US$100 million secured loan granted to Petrolifera Petroleum Limited, Argentine Branch and several of its affiliates located outside Argentina (2007).
Deutsche Bank AG, London Branch, as lender, in a US$25 million loan granted to Hoyts General Cinemas (2007).
Merrill Lynch International, as lender, in a US$80 million loan granted to Grupo Financiero Galicia (2007).
Banco Macro, Banco Hipotecario and BCI, as lenders, in a US$36,4 million loan granted to Corredor Americano S.A. (2007).
CSFB in the US$40 million project financing to Patagonia Bioenergía S.A. for the construction of a byodiesel production facility (2007).
Citibank N.A. and Calyon New York Branch in the US$600 million financing to GP Investments for the acquisition of Pride International‘s Latin American land drilling and E&P service businesses (2007).