IFLR1000

Arcor $350 million notes issue

7/7/2016
Investment grade bond/note issue
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$ 350 million

Completed

7/7/2016

Overview:

  • Arcor has issued $350 million of notes under its $800 million global notes program
  • The notes reach maturity in 2023 and have a yield of 6% 
  • The issuer also repurchased $51 million of its 7.25% notes which reach maturity in 2017
  • Itau, JPMorgan and Santander acted as initial purchasers 
  • Muñoz de Toro (Ricardo Muñoz de Toro) and Linklaters (Conrado Tenaglia, Matthew Poulter) advised the issuer.
  • Bruchou Fernández Madero & Lombardi (Hugo Bruzone, Alejandro Perelsztein) and Davis Polk & Wardwell (Maurice Blanco) advised the initial purchasers.

Rani Mehta - Journalist - Latin America

Jurisdiction:

Argentina

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Food and beverage

Firms:
Bruchou & Funes de Rioja

Party: Banco Santander (Initial purchaser)

Party: Itau (Initial purchaser)

Party: JPMorgan Chase (Initial purchaser)

Lawyers: Alejandro Perelsztein, Hugo Bruzone

Davis Polk & Wardwell

Party: Banco Santander (Initial purchaser)

Party: Itau (Initial purchaser)

Party: JPMorgan Chase (Initial purchaser)

Lawyer: Maurice Blanco

Linklaters

Party: Arcor (Issuer)

Lawyer: Conrado Tenaglia

Muñoz de Toro

Party: Arcor (Issuer)

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