Professional Notice

EGFA

Argentina

EGFA Abogados is one of the leading business law firms in Argentina as shown by the impressive record of landmark transactions it has handled since its inception.

The partners of the firm have a collective experience of almost 70 years in the structuring and execution of many of the landmark corporate finance cross-border transactions involving Argentine parties or assets completed in recent decades.

Main areas of practice

Banking: The firm regularly represents domestic and international financial institutions, including multilateral organisations and non-bank lenders, in loan-style financings to private and public sector Argentine borrowers, including project financing. It has significant expertise representing investment groups in acquisition financings of regulated companies. The firm has recently advised Telecom Argentina in loan facilities granted by IFC, the IDB and the China Development Bank.

Capital markets: The firm is second to none in this field. Partners of the firm have been in charge of many of the most important international capital market transactions involving Argentine private and public sector issuers in the past 30 years. The firm has a very active presence in the domestic capital market having represented the placement agents in the first sustainable bonds issuance by a local company (Plaza Logística).

Mergers and acquisitions: The firm has a leading practice in the acquisition and divestiture of regulated companies working for investment groups and strategic investors. It has led the acquisition and merger of many companies in the utilities, telecommunications and media industries as well as financial institutions, such as representing Fintech in the acquisition of Telecom Argentina and its subsequent merge with Cablevision. It has a recognised expertise in the development of acquisition structures for private equity to comply with Argentine legal, regulatory and tax restrictions and limitations. The firm was recently involved, as investor counsel, in the acquisition by an investment group of EDENOR, the largest electricity distribution company in Argentina.

Debt restructuring: The firm has a unique expertise in debt restructurings, having advised in the main transactions in such areas during the past 15 years, especially in those made through pre-packaged insolvency plans (acuerdos preventivos extrajudiciales or APEs). The firm has recently represented one of the largest multilateral financial institutions in the restructuring of the $1.3 billion financial debt of Molino Cañuelas, one of the largest workouts ever conducted in Argentina. It has also recently participated as borrower counsel in the restructuring of debt of the DESA group for approximately US$513 million, the refinancing of a series of Telecom Argentina international bonds, the refinancing of Empresa Distribuidora de Electricidad de Salta’s public bonds and as lender counsel in the restructuring of a syndicated loan granted to Central Puerto. In the sub-sovereign level, the firm participated, as investor counsel, in the refinancing of an unsecured bond of the Provincia de Chubut.

Private equity: In addition to representing many private equity funds in M&A transactions, the firm has a unique expertise in the establishment of listed and unlisted domestic and international investment vehicles dedicated to invest in Argentine assets. The firm has recently represented an investment group in the acquisition of a participation interest in a covid-19 vaccine manufacturing plan to be operated by Laboratorios Richmond.

Real estate: The firm has a strong real estate practice in all parts of the process having acted for sponsors, developers and investors.

Securitisation: The firm has a recognised practice in securitisation developed in representing underwriters, originators and rating agencies in numerous domestic and international ground-breaking securitisations for different classes of assets, such as mortgage loans, auto and consumer loans, export loans and future flows of all types, such as commodity export receivables, toll road receivables and credit card air ticket receivables. The firm has recently assisted an international asset management company in the establishment of a platform for the origination and securitisation in the international markets of payroll loans for public sector employees.

Torre Fortabat – Bouchard 680, C1106ABH, Buenos Aires – Argentina
Tel: +54 11 5236 4400
www.egfa.com.ar

This is a professional notice: all recommended firms are invited, but not required, to supply a professional notice that is published in return for a fee.

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