Simpson Thacher Represents Dealer Managers in RAGHSA’s Private Exchange Offer and Consent Solicitation and Initial Purchasers in RAGHSA’s Concurrent High Yield Notes Offering
04.06.17
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The Firm represented Itau BBA USA Securities Inc. and UBS Securities LLC (i) as dealer managers, in a private exchange offer by RAGHSA S.A. and the related consent solicitation, in which RAGHSA offered to exchange its 8.5% Notes due 2021 for the newly issued 7.25% Notes due 2024; and (ii) as initial purchasers, in RAGHSA’s concurrent offering of $100 million in principal amount of its 7.25% Notes due 2024 in reliance on Rule 144A and Regulation S. RAGHSA is expected to use the proceeds from the notes offering to invest in physical assets in Argentina and for working capital.
RAGHSA is one of the leading real estate development companies in Argentina in terms of total square meters of premium office and commercial property leased and high-end residential property sold.
The Simpson Thacher team for the transaction included Juan Francisco Méndez, Juan M. Naveira and International Associates Juan E. Vial and Francisco Zappa (Capital Markets); and Jonathan Cantor and Jodi Schneider (Tax).