Press Releases

On December 19, 2024, Hijos de Salvador Muñoz S.A. (“Salvita” or “HSM,” interchangeably) issued its third class of notes, divided into two series, under its Global Program of up to USD 50,000,000 (the “Notes”). The Notes are payable in U.S. Dollars in Argentina.The series I Notes were issued for a nominal value of USD 1,382,752. They will mature on June 19, 2026, and accrue interest at a fixed nominal annual rate of 7.50% ...

 On December 4, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued (i) Class XVIII simple, non-convertible, unsecured notes, denominated, subscribed, and payable in Argentine Pesos (the “Class XVIII Notes”); and (ii) Class XIX simple, non-convertible, unsecured notes, denominated, subscribed, and payable in U.S. Dollars in Argentina (the “Class XIX Notes”) ...

Beccar Varela advised Lake Resources on the closing of the transaction for the sale of three lithium brine assets to Austroid Corporation for USD 9 million. The transaction, previously announced, provides Lake Resources with additional liquidity. The funds will be used to support the company’s financial stability, enabling it to maintain its strategic focus and advance its flagship project, the Kachi Project ...

Beccar Varela advised FCA Compañía Financiera S.A ...

On November 21, Beccar Varela promoted attorneys Enrique López Rivarola and Fernando Kreser to partners in recognition of their talent and significant contribution to the firm in the areas of tax law and dispute resolution, respectively.Enrique López Rivarola joined the firm in 2008. He focuses on tax law, both in tax advice and planning for domestic and international clients, as well as in complex tax litigation ...

Beccar Varela advised EPAM Systems Inc., a digital transformation services and product engineering company, on the acquisition of the global advanced technology consultancy NEORIS. The closing of the deal was announced on October 31.  EPAM completed the purchase of NEORIS from funds managed by Advent International, one of the largest global private equity investors, and Cemex, a global construction materials company ...

Beccar Varela participated in the Climate Policy Monitor study, compiled by University of Oxford researchers and 48 leading global law firms. It was presented on November 14 at COP29 in Baku, Azerbaijan. This is a granular survey on the implementation of net-zero policies in 30 major countries (G20+), providing a detailed view of how key rules and public policies align — or not — to the climate goals of the Paris Agreement ...

Beccar Varela advised on the establishment and issuance of debt securities under the Agrofina Series XXIX Financial Trust, issued on October 31, 2024, for a total amount of AR$3,256,655,334, within the framework of the Secuval II Program.Banco de Valores S.A. acted as Financial Trustee, Custodian Agent, Organizer, and Placement Agent, while Agrofina S.A. served as Trustor, Administrator, and Collection Agent ...

On November 4, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued Class XVII Notes (the “Notes”), which are simple, non-convertible, unsecured obligations, denominated in U.S. Dollars, payable in cash abroad in U.S. Dollars, with a nominal amount of US$83,477,768. The issuance was carried out under CNV’s Frequent Issuer Regime, as part of the U.S ...

Beccar Varela has been recognized by the prestigious publication The Legal 500 as a Top Tier firm in the latest edition of its Legal 500 Latin America 2025 guide. Both the firm and its professionals have achieved prominent positions across the 21 practice areas covered by this publication in Argentina. The firm reached the highest rankings in Compliance, Fintech, International Trade & Customs, Public Law, and TMT, where it is listed as Tier 1 ...

On September 19, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued Additional Class XIV Notes, simple, non-convertible into shares, unsecured, denominated, payable, and integrated in Pesos, for a nominal value of AR$9,256,962,511, and Class XV Notes, simple, non-convertible into shares, unsecured, denominated, payable, and integrated in Pesos, for a nominal value of AR$42,106,850,000.The Notes were issued under the CNV Frequent Issuer Regime ...

On September 16, 2024, Gastaldi Hnos. S.A.I. y C.F. E I. (“Gastaldi”) issued Series II Class II Notes (“the Notes”) under the PYME CNV Guaranteed Regime.The Notes were issued for a nominal value of AR$ 4,679,000,000 at a Private Badlar Rate plus a margin of 7% annual nominal rate ...

Beccar Varela and Bruchou & Funes de Rioja advise on the international issuance of Class XVI Notes by Banco GaliciaOn October 10, 2024, Banco de Galicia y Buenos Aires S.A.U. (the “Issuer”) issued Class XVI Notes (the “Notes”), simple, non-convertible into shares, unsecured, denominated in U.S. Dollars, to be subscribed and paid in U.S. Dollars abroad, with a nominal value of US$325,000,000. The international issuance was made under the CNV Frequent Issuer Regime ...

On October 10, 2024, Vista Energy Argentina S.A.U. (“Vista”) successfully issued Class XXVI Notes, simple, non-convertible into shares, denominated and payable in cash in U.S. Dollars abroad, and paid for in (i) cash in U.S. Dollars abroad, and/or (ii) in kind through the delivery of Class XIV Notes (the “Eligible Notes”) ...

On August 8, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued Class XIV Notes (the “Notes”), simple, non-convertible into shares, unsecured, denominated, subscribed, and payable in Pesos, with a nominal value of AR$35,384,000,000. The issuance was carried out under the CNV Frequent Issuer Regime.The Notes, maturing on February 8, 2025, accrue interest at a variable rate of BADLAR plus 4.5% margin ...

On August 26, INVAP S.E. (“INVAP”) issued Class VI Series I Notes, simple, non-convertible into shares, denominated in U.S. Dollars, to be subscribed and payable in Pesos. The issuance was carried out under the Global Program of INVAP.The Class VI Series I Notes, maturing on August 26, 2026, accrue interest at a variable rate of 5.00% margin p.a., payable quarterly, and will amortize their principal in 5 (five) payments, each equivalent to 20% of the principal ...

On August 21, 2024, Hidrotec S.A. ("Hidrotec") issued Series II Notes under the PYME CNV regime.The Series II Class I Notes (the "Class I") were issued for a nominal value of ARS 2,566,424,470, at an annual nominal variable rate equivalent to the Badlar rate plus a margin of 3.48% p.a., with interest payable quarterly ...

On August 12, 2024, Ecofactory S.R.L. (“Ecofactory”) completed its first issuance of Negotiable Obligations under the PYME CNV Guaranteed regime.The Negotiable Obligations were issued with a total nominal value of AR$ 468,222,200.The maturity date for the Negotiable Obligations will be August 12, 2025, and they will accrue interest at a variable rate, which will be the sum of the Badlar Private Rate plus a margin of 2.90% per annum ...

On August 30, 2024, Eskabe S.A. issued the Series II Notes (the “Notes”) under the PYME CNV Guaranteed Regime for a total nominal value of ARS 1,800,000,000.The Series II Class I Notes (the “Class I”), which will mature on August 30, 2026, will accrue interest at a variable interest rate equivalent to the sum of the Private BADLAR Rate plus a Cut-Off Margin of 3.97% per annum. Interest will be payable quarterly ...

On August 23, 2024, Héctor A. Bertone S.A. (“Bertone”) issued the Series II Notes under the Global Bond Issuance Program under the PYME CNV Regime.The Series II Class I Notes (the “Class I”) were issued for a nominal value of ARS 3,065,000,000, at an annual nominal variable rate equivalent to the Badlar rate plus a margin of 8% ...

PRESS RELEASEOn August 26, 2024, Tarjeta Naranja S.A.U. (“Tarjeta Naranja”) issued its LXII Class simple, non-convertible, unsecured notes with a nominal value of AR$ 30,000,000,000 (Argentine Pesos thirty billion) Notes (the “LXII Class Notes”). The issuance was carried out under the Frequent Issuer Regime established in Section VIII, Chapter V, Title II of the regulations of the National Securities Commission (Comisión Nacional de Valores) ...

Beccar Varela advised Skydance Media in its merger with Paramount Global to create New Paramount, a new leading media and technology company valued at US$28 billion. The agreement was signed on July 7, and the transaction is expected to close in the first half of 2025 ...

The renowned publication IFLR awarded Beccar Varela with the Corporate Firm of the Year: Southern Cone prize on May 15th, in the IFLR Americas Awards 2024 ceremony held at the JW Marriott Essex House hotel in New York.The Corporate Firm of the Year: Southern Cone award honors one leading firm that headed the most innovative cross-border corporate and M&A transactions in Chile, Argentina, Uruguay and Paraguay in the previous year ...

On March 22, the NGO Asociación Civil Sumatoria para una nueva Economía (Sumatoria) carried out its fifth notes issuance, whose funds are aimed at financing projects and ventures with social, environmental, and sustainable impact in areas such as financial inclusion, agroecology, regenerative livestock farming, connectivity, clean energies, healthy foods, environmental conservation and regeneration, sociourban infrastructure, social economy, circular economy, and support for impact

Beccar Varela participated in the 2024 Latin America Corruption Survey, conducted by Miller & Chevalier in collaboration with 14 Latin American law firms representing 19 countries. The survey results reveal that corruption in the region remains pervasive and that corporate compliance, not enforcement, has been the key driver for addressing it ...