We advised RAGHSA S.A. in a new issuance and exchange offer
On November 8, 2024, 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$58,342,000 8.5% Notes due 2027 for new 8.5% Notes due 2032. The transaction expired on December 9, 2024 and settled on December 11, 2024. Approximately US$48.7 million representing approximately 83.5% 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 Accuratus Tax and CA Services LLC (trading as Bondholder Communications Group) acted as information and exchange agent.
Bruchou & Funes de Rioja‘s Banking & Capital Markets Department acted as legal counsel under local law to RAGHSA, through a team led by partner Alejandro Perelsztein and associates Leandro Ezequiel Belusci, Sebastián Pereyra Pagiari and Gonzalo Vilariño.
Nicolas Teijeiro (Next Legal) and Christopher Paci (DLA Piper) assisted the Company on US corporate and securities matters.
