We advised in a new issuance and exchange offer of RAGHSA for an amount of US$52,566,870
On August 5, 2026, RAGHSA S.A., a leading company active in the real estate development business in Argentina and the United States, offered to exchange all its outstanding US$56,777,276 8.25% Notes due 2030 for new 7.95% Notes due 2036. The transaction expired on August 20, 2026 and settled on August 25, 2026. Approximately US$50.5 million, representing approximately 89.02% of existing Notes outstanding, were exchanged for new Notes under the terms of the Exchange Offer.
Balanz Capital Valores S.A.U. acted as local arranger of the exchange; The Bank of New York Mellon acted as Trustee, Co-Registrar, Principal Paying Agent and Transfer Agent; Banco de Valores S.A. acted as Trustee Representative in Argentina, Cucchiara y Cia. S.A. and Industrial Valores S.A. acted as exchange agents and Sodali & Co. acted as information and exchange agent.
Bruchou & Funes de Rioja acted as legal counsel under local law to RAGHSA, through a team led by partner Alejandro Perelsztein and associates Sebastián Pereyra Pagiari and Gonzalo Javier Vilariño.
Internal legal counsel to RAGHSA S.A. was provided by Juan Pablo Morad and Coral Villaplana Bloise.
Nicolas Teijeiro (Next Legal) assisted the Company and BCP Securities, Inc. (as Dealer Manager) on US corporate and securities matters.
