Zang, Bergel & Viñes Abogados advised IRSA Inversiones y Representaciones Sociedad Anónima ("IRSA") in the issuance of Series No XVIII Notes (“Series No XVIII”) and Series No XIX Notes (“Series No XIX” and together with the Series No XVIII, the "Notes")transaction, under its Global Notes Program (not convertible into shares) for up to USD 7500,000.000 (US Dollars seven hundred and fifty million) (or its equivalent in other currencies or units of value).
Pérez Alati, Grondona, Benites & Arntsen advised BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Patagonia S.A., Banco Santander Argentina S.A., Banco de Servicios y Transacciones S.A., SBS Trading S.A., Facimex Valores S.A., Banco Supervielle S.A., Cocos Capital S.A., Petrini Valores S.A., Latin Securities S.A., Balanz Capital Valores S.A.U., Invertir Online S.A., Banco Comafi S.A., Puente Hnos. S.A. and Invertir en Bolsa S.A. as placement agents of the Notes (the “Placement Agents”).
On February 28, 2024, IRSA successfully completed the placement and issuance of the Series No. XVIII for an aggregate of USD 21.408.926, which will bear a fixed interest rate of 7,00%, at an issuance price of 100% of face value, and will mature on February 28, 2027; and the placement and issuance of the Series No XIX for an aggregate of ARS 26.203.845.375, which will bear a variable interest rate, at an issuance price of 100% of face value, and will mature on February 28, 2025 .
The offer was directed to the local market and the Notes have been authorized for listing on Bolsas y Mercados Argentinos S.A. and for negotiation in the Mercado Abierto Electrónico S.A.
Counsel to the Placement Agents
Pérez Alati, Grondona, Benites & Arntsen acted as legal advisor to the Placement Agents through Diego Serrano Redonnet, Alejo Muñoz de Toro, Nahuel Perez de Villarreal and Mora Mangiaterra Pizarro.
