Bruchou & Funes de Rioja | View firm profile
Generación Mediterránea S.A. and Central Térmica Roca S.A. co-issued their Class XXXII Additional Negotiable Obligations, denominated and payable in U.S. Dollars at a fixed nominal annual interest rate of 9.50%, maturing on May 30, 2026, for a nominal value of US$3,686,873 (the “Class XXXII Additional Negotiable Obligations”), and their Class XLII Negotiable Obligations, denominated and payable in Pesos at a variable interest rate, maturing on February 26, 2026, for a nominal value of AR$6,024,952,347 (the “Class XLII Negotiable Obligations” and, together with the Class XXXII Additional Negotiable Obligations, the “Negotiable Obligations”).
All were co-issued under the Simple Negotiable Obligations Program (non-convertible into shares) for a total nominal value of up to US$1,000,000,000 (or its equivalent in other currencies or units of measurement or value).
The Negotiable Obligations will be guaranteed by Albanesi Energía S.A.
The Negotiable Obligations were co-issued on February 26, 2025.
The Class XXXII Additional Negotiable Obligations were subscribed in cash in U.S. Dollars.
The Class XLII Negotiable Obligations were subscribed in Pesos in cash for AR$5,242,049,129 and in kind through the delivery of Class XXIX Negotiable Obligations for AR$782,903,218.
In this co-issuance, Generación Mediterránea S.A. and Central Térmica Roca S.A. acted as Co-Issuers of the Negotiable Obligations. SBS Trading S.A., Banco de Servicios y Transacciones S.A., Invertironline S.A.U., Balanz Capital Valores S.A.U., Bull Market Brokers S.A., Banco de la Provincia de Buenos Aires, Facimex Valores S.A., Puente Hnos S.A., Banco Hipotecario S.A., BACS Banco de Crédito y Securitización S.A., Banco Supervielle S.A., Banco Santander Argentina S.A., Allaria S.A., Becerra Bursátil S.A., Global Valores S.A., Adcap Securities Argentina S.A., Neix S.A., ACA Valores S.A., Banco de Galicia y Buenos Aires S.A.U., PP Inversiones S.A., Leiva Hermanos S.A., GMA Capital S.A., Deal S.A., S&C Inversiones S.A., and GMC Valores S.A. acted as Placement Agents for the Negotiable Obligations. Additionally, Banco de Servicios y Transacciones S.A. acted as the Settlement Agent for the Negotiable Obligations.
Bruchou & Funes de Rioja acted as legal counsel to the Placement Agents and the Settlement Agent, through a team led by partner José María Bazán and associates Leandro Exequiel Belusci, Quimey Waisten, and Marco Haas.
Tavarone, Rovelli, Salim & Miani acted as legal counsel to Generación Mediterránea S.A. and Central Térmica Roca S.A., through a team led by partner Francisco Molina Portela and associates Ximena Sumaria, Agustín Ponti, and Azul Namesny Márquez.
Generación Mediterránea S.A. and Central Térmica Roca S.A. were also advised by their in-house legal team, led by María Mercedes Cabello.