Debt restructuring

After the successful completion of the process implemented through a Solicitation Statement and the subsequent amendments thereof, with a level of participation of an approximate 95% of its whole financial indebtedness, on August 6, 2003 Autopistas del Sol S.A. entered into with, among others, BankBoston, BBVA Banco Francés and Citibank (such banks acting with the legal advice of Marval, O’Farrell & Mairal) a prepackaged reorganization arrangement (Acuerdo Preventivo Extrajudicial) for the restructuring of the mentioned indebtedness (amounting to US$ 500 million approximately), which on August 8, 2003 has been filed with the competent court seeking for court approval (homologación judicial). The filing has been the first one in Argentina in connection with a major transaction and an agreement of this kind.

To see a more detailed article on this matter, click [here]. For more information, please contact the attorney you usually work with at Marval, O’Farrell & Mairal, or Gonzalo J Fontana (gjf@marval.com.ar) or Tito Livio Venturini (tlv@marval.com.ar).