Alcogal advised Banco General S.A. as arranger, in connection with the amendment to certain terms and conditions of a US$250,000,000 corporate bonds issuance that Supermercados XTRA, S.A. has registered with the Superintendence of Capital Markets, in order to carry out the issuance and offering of Series E, F, and G of bonds for a total aggregate amount of US$100,000,000, which were placed through the Bolsa Latinoamericana de Valores, S.A. and which funds will be used mainly by Supermercados Xtra, S.A. for equity investments and other corporate uses.

As legal advisors to the arranger we were responsible for (i) drafting the core documents required for the amendment process, including but not limited to the amendments to certain contracts and the ancillary documents and (ii) registering the amendment of terms and conditions amendment with the Superintendence of Capital Markets.

Partners Arturo Gerbaud and Rafael Marquinez participated in this transaction.