Bruchou and TCA Advise on Oleoductos del Valle US$115.5m Class 6 Notes Issuance

Bruchou & Funes de Rioja advised Oleoductos del Valle, while TCA Tanoira Cassagne advised Macro Securities in its capacity as arranger and placement agent. A syndicate of placement agents that included Balanz Capital Valores, Banco de Galicia y Buenos Aires, Banco Santander Argentina, Max Capital, Industrial and Commercial Bank of China (Argentina), Banco Patagonia, Allaria, Adcap Securities Argentina, SBS Trading, Industrial Valores, Banco Supervielle, Banco Mariva, Invertironline, Banco BBVA Argentina, Facimex Valores and Banco de la Provincia de Buenos Aires participated in the placement. The transaction comprised the issuance in Argentina of Class 6 Notes denominated and payable in US dollars for a total nominal amount of US$115,514,950. The notes bear interest at a fixed rate of 7.50% per annum and mature on 5 June 2029. Proceeds from the issuance will be used principally to partially finance infrastructure works, to advance Oleoductos del Valle’s investment plan, to fund the acquisition of assets and/or goodwill related to its production process, and to expand its transport capacity. Bruchou & Funes de Rioja represented Oleoductos del Valle with a team composed by: partners José Bazán and Leandro Belusci, and associates Quimey Lía Waisten, Marco Haas and María Victoria Llana. TCA Tanoira Cassagne represented Macro Securities as arranger and placement agent with a team composed by: partners Alexia Rosenthal and Rocío Carrica, and associates Lucía Viboud Aramendi and Juan Manuel Simó.

Bruchou and TCA Advise on Oleoductos del Valle US$115.5m Class 6 Notes Issuance

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