TGLT Completes $150 Million Convertible Subordinated Notes Offering
08.30.17
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Simpson Thacher represented TGLT S.A. (“TGLT”) in connection with its issuance of US$150 million of its fixed-rate convertible subordinated notes due 2027 in a global offering, consisting of a private placement to certain institutional accredited investors in the United States and to non-U.S. persons outside the United States and Argentina and a public offering to the public in Argentina. The private placement was conducted in reliance on Regulation D and Regulation S under the U.S. Securities Act of 1933, as amended. Proceeds from the sale of the convertible subordinated notes will be used by TGLT to make investments in tangible assets located in Argentina, to meet working capital requirements in Argentina and/or to refinance debt.
TGLT is one of the fastest growing integrated real estate companies in Argentina in terms of developed area, with substantial focus in Argentina. TGLT has more than 16 years of experience in the industry and is a fully integrated developer, focused on the development of residential properties for sale as well as expanding its commercial real estate operations.
The Simpson Thacher team included S. Todd Crider, Kirsten L. Davis, Borja Marcos, Daniel W. Areshenko and Kirsten A. Harmon (Corporate); and Jonathan Cantor and Michael Badain (Tax).