We advised Itaú Unibanco on an international loan of up to US$300,000,000 to Fértil Pampa
Linklaters and Bruchou & Funes de Rioja advised Itaú Unibanco S.A., Nassau Branch (the “Lender”) and Cleary Gottlieb Steen & Hamilton and Salaverri, Burgio & Wetzler Malbrán advised Fértil Pampa S.A.U. (“Fértil Pampa”), a subsidiary of Pampa Energía S.A. (“Pampa”), developing a 6,000 metric tons per day granulated urea production plant in Bahía Blanca, Province of Buenos Aires, Argentina, and Pampa, as guarantor, in the granting of a loan governed by New York law for an amount of up to US$300,000,000 to Fértil Pampa (the “Loan”). The Lender also acted as administrative agent (the “Administrative Agent”) under the Loan.
The Loan will finance the construction of the urea plant, a project admitted to the Incentive Regime for Large Investments (“RIGI”) as a Long-Term Strategic Export Project, and reflects the commitment of international financial institutions to continue supporting strategic projects that contribute to the development of Argentina.
Legal advisors to Fértil Pampa and Pampa under the Loan:
International: Cleary Gottlieb Steen & Hamilton – Partners Ignacio Lagos and Juan G. Giráldez and associates, Juan Ignacio Leguizamo, Matias Chaves and Pedro Arango Montes.
Local: Salaverri, Burgio & Wetzler Malbrán – Partners Roberto Lizondo and Santiago Freyre and associates Natalia Ostropolsky, José María Martín, Valentina Buschiazzo Ripa and Camila Castro Pallotti.
Legal advisors to the Lender under the Loan:
International: Linklaters – Partners Emilio Minvielle and Michael Bassett and associate Thomas Tiphaine Koffman.
Local: Bruchou & Funes de Rioja (Banking & Capital Markets) – Partner Leandro Exequiel Belusci and associates Sebastián Pereyra Pagiari and Micaela Zárate.
