Martínez de Hoz & Rueda advised Pan American Energy, S.L., Argentine Branch, a leading integrated energy company in Argentina, and Bruchou & Funes de Rioja advised a syndicate of 14 financial institutions, in the granting of a syndicated loan for an amount of US$336,000,000 under Argentine law (the “Syndicated Loan”).

The syndicate was formed by Banco BBVA Argentina S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., Banco de Valores S.A., Banco Industrial S.A., Nuevo Banco de Santa Fe S.A., Banco de la Provincia de Buenos Aires, Banco del Chubut S.A., Banco Piano S.A., Nuevo Banco de Entre Ríos S.A., Banco Patagonia S.A., Banco de la Nación Argentina, and Banco Comafi S.A. (the “Lenders”).

The Syndicated Loan represents one of the largest local loans of the last decade. Additionally, it is worth highlighting the large number of financial institutions participating as lenders.

Banco BBVA Argentina S.A., Banco de Galicia y Buenos Aires S.A.U., and Banco Santander Argentina S.A. acted as arrangers of the Syndicated Loan. Additionally, Banco BBVA Argentina S.A. acted as administrative agent.

Legal advisors to Pan American Energy, S.L., Argentine Branch:

Martínez de Hoz & Rueda – Partner José Martínez de Hoz (Nieto) and associates Luisina Luchini and Marco Primo.

In-house legal team – Fernando Fresco, Dolores Reimundes, and Ignacio Gonzalez Padin.

Legal advisors to the Lenders:

Bruchou & Funes de Rioja – Partner José Bazán and associates Sebastián Pereyra Pagiari, Pedro Azumendi, and Lucía De Luca.