Bomchil advised Banco Itaú Argentina S.A. in the granting of a AR$2,294 million loan to Metrogas S.A., Argentina’s largest gas distribution company, used to repay an offshore loan granted by Itaú Unibanco S.A., Nassau Branch, for an amount of US$13.9 million.
The new loan and the use of proceeds thereof was made as part of Metrogas S.A. undergoing offshore debt refinancing. The transaction entailed, among other issues, the amendment of the existing loans granted to Metrogas S.A. by Industrial and Commercial Bank of China (Argentina) S.A.U., and the granting of certain waivers related to the international loan granted by Industrial and Commercial Bank of China Limited Dubai (DIFC) Branch and the bilateral loans granted by Industrial and Commercial Bank of China (Argentina) S.A.U.
Legal advisors to Metrogas
In–house Lawyers: Pablo Ernesto Anderson and Damián Díaz.
Legal advisors to the Banks
Bomchil: Partner Fermín Caride and associates María Victoria Tuculet and Benjamín Anaya.
Banco Itaú Argentina – In House Counsel: María Cecilia Victoria and Sebastián Videla.
ICBC Argentina – In House Counsel: Matías Filippo and Tomás Koch.