EGFA and Marval advise on Telecom Argentina USD 400 million note issuance
EGFA Abogados advised Telecom Argentina S.A., and Marval, O’Farrell & Mairal advised for the joint lead managers and arrangers Citigroup Global Markets Inc., HSBC Securities (USA), Inc., J.P. Morgan Securities LLC and Santander Investment Securities Inc., as joint lead managers and bookrunners and Industrial and Commercial Bank of China (Argentina) S.A., as Argentine placement agent, in the issuance of USD 400.000.000 notes of Telecom Argentina S.A.
The notes were issued under its USD 3 billion medium-term note program, with maturity on July 18, 2026 and at an annual fixed interest rate of 8%. The notes are listed in BYMA and admitted for trading in MAE.
The settlement date was July 12, 2019 and the issuance and settlement of the notes occurred on July 18.
Counsel to Telecom Argentina SA:
Cleary Gottlieb Steen & Hamilton LLP with partner Andrés de la Cruz, and associates Juan Grimau, Linda Zang, Marco D’Angelo, Nicholas Koeppen and Rodrigo López Lapeña.
EGFA Abogados with partner Baruki Gonzalez and associates Delfina Lynch, Pedro Torassa and Joaquin Vidal.
Counsel to the banks:
Linklaters, LLP with partner Conrado Tenaglia and associates Mimi Powell and Madeleine Blehaut
Marval, O’Farrell & Mairal with partner Juan M. Diehl Moreno and associates María Manuela Lava and Sergio Tálamo.