We advised in Oiltanking Ebytem’s first issuance of Notes for an amount of V/N US$50,000,000 under its Global Notes Program
TCA Tanoira Cassagne (“TCA”) advised Oiltanking Ebytem S.A. (“Oiltanking” or the “Issuer” interchangeably) and Bruchou & Funes de Rioja advised Banco Galicia, Banco Santander Argentina, Balanz Capital Valores, Banco Provincia and Banco Nación as placement agents (collectively, the “Placement Agents”), in the placement of the Notes I for a nominal amount of US$50,000,000 at a 0.00% rate denominated in US dollars and payable in Argentine pesos at the applicable exchange rate, maturing 36 months from the date of issuance and settlement.
Oiltanking stands out as one of the leading companies in the provision of transportation services in the hydrocarbon sector in Argentina. TCA advised the Issuer in the creation of the Global Notes Program for a total amount of US$ 200,000,000 (or its equivalent in other currencies or units of value) (the “Program”), which authorization was granted by the National Securities Exchange Commission (the “CNV” for its translation into Spanish) on February 8, 2023.
Legal Counsel of the Issuer: TCA through a team led by Partners Alexia Rosenthal and Jaime Uranga; and Associates: Juan Sanguinetti, Juan Manuel Simó, Teófilo Trusso y Federico Grieben.
Legal counsel to the Placement Agents: Bruchou & Funes de Rioja through a team led by Partner José María Bazan and Associates: Leandro Exequiel Belusci and Facundo Martín Suárez Loñ.