Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 05-10-2020 | Practice Area: | Debt Capital Markets |
| Deal Title: | Province of Mendoza Exchange Offer for Notes | Industry: | Public Sector |
| Description: |
Linklaters advised the dealer managers, Credit Suisse Securities (USA) LLC and AdCap Securities Ltd, in the exchange offer for all of the Province of Mendoza's USD590 million 8.375% Notes due 2024 for newly issued amortizing step-up notes due 2029 plus certain cash consideration. The aggregate principal amount of existing notes tendered represented 95.27%, sufficient to apply the collective action clauses and, therefore, to modify or exchange all existing notes for new notes.
The Province of Mendoza's exchange offer was the first liability management transaction completed by an Argentine province following the sovereign's default on its debts and subsequent exchange offer.
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| Financial Center: | New York | Value: | 500.01-1000.00 |
| Advised Party: | Lead Manager,Dealer-Managers 2 | Law Firm | Linklaters |
| Issuer Jurisdiction | Argentina | Listing Jurisdiction | United States |
| Classification: |
Bond Repurchase and Exchange Schemes Exchange Offers Sovereign and Public Sector Bonds Municipal Bonds |
Lawyer | Conrado Tenaglia |
