Bruchou & Funes de Rioja advise CGC on USD 42 million deal

Bruchou & Funes de Rioja advise CGC on USD 42 million deal

On the fresh issuance by CGC for US$42,273,005, Bruchou & Funes de Rioja provided advice. Bruchou & Funes de Rioja served as counsel to the book-running managers and placement agents on the issuance of 1.00% Dollar-Linked Notes Series 29 due in January 2027 for a total amount of US$42,273,005. Bomchil provided advice to Compañía General de Combustibles S.A. and Compañía General de Combustibles S.A.

On January 19, 2023, the issuance was made in accordance with the company’s frequent issuer program. The proceeds from the placement of the Notes Series 29 will be distributed as follows: 75% will go toward investments in assets situated in Argentina, and 25% will go toward debt refinancing, working capital situated in Argentina, acquisition of goodwill situated in Argentina, capital contributions in entities controlled by or affiliated with the company, the purchase of company shares, and/or financing of its operations.

Banco de Galicia y Buenos Aires S.A.U., Industrial and Commercial Bank of China (Argentina) S.A.U., and Banco Santander Argentina S.A. served as book-running managers and placement agents, respectively, whereas Allaria Ledesma & C.a. S.A., Latin Securities S.A., BACS Banco de Crédito y Securitización S.A., Balanz Capital Valores S.

Bruchou & Funes de Rioja partner: José Bazán

Bruchou & Funes de Rioja associate: Leandro Belusci

The notes are admitted for trading in Mercado Abierto Electrónico S.A. and listed in Bolsas y Mercados Buenos Aires S.A.

Counsel to Compañía General de Combustibles S.A.:
Bomchil: Partner: Fermín Caride. Associates: Luciano Zanutto, Benjamín Anaya and Delfina Ortega.

Counsel to the Placement Agents:
Bruchou & Funes de Rioja: Partner: José Bazán. Associates: Leandro Belusci and Josefina Mortola Saiach.

For detailed information, please see the original article.

Please read the original article here.

Pictures (c): bruchoufunes.com

More news

Trending news

MIP has updated its results. We currently rank MIP in the e.g. UK as follows: You can vote on the
I have been dealing with directories and submissions since 2004 and never have I seen a pure reference ranking beginning
A Schalast Corporate/M&A team led by partner Gregor Wedell guided Viessmann Refrigeration Solutions (“VRS”) on a joint venture with Epta
Chambers has a very nifty new search function. Instead of clicking on region, the location, and then practice area, you
Marius Welling, a litigation specialist, has taken over as the new head of Schalast’s “Dispute Resolution” practice group on July
IP Stars (Managing IP) has today published the new rankings for patent work. If you are happy with the results,
On June 1, 2023, the European commercial law company Fieldfisher opened a new office in Vienna, the capital of Austria.
Maples Group Expands Fiduciary Services Team in Jersey The Maples Group is happy to announce the addition of two experienced