Bomchil and Bruchou & Funes de Rioja advised on a new successful issuance of Compañía General de Combustibles under its Frequent Issuer program
Bomchil advised Compañía General de Combustibles S.A. and Bruchou &
Funes de Rioja acted 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 an aggregate amount of US$42,273,005.
The issuance took place on January 19, 2023 under the company’s Frequent
Issuer Regime. The proceeds from the placement of the Notes Series 29 will be
applied by 75% to investments in assets located in Argentina, and by 25% to any
of the following destinations: (i) debt refinancing; (ii) working capital in
Argentina; (iii) acquisition of goodwill located in Argentina; and/or (iv) capital contributions in companies controlled or linked to the Company,
acquisition of company shares and/or financing of the course of its business.
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. acted as book-running managers and placement agents; while
Allaria Ledesma & Cía. S.A., Latin Securities S.A., BACS Banco de Crédito y
Securitización S.A., Balanz Capital Valores S.A.U., Banco Mariva S.A., Banco
Hipotecario S.A., Facimex Valores S.A., Banco de la Provincia
de Buenos Aires and Banco Patagonia S.A. acted as placement agents.
The notes are listed In Bolsas y Mercados
Buenos Aires S.A. and admitted for trading in Mercado Abierto Electrónico 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.