Press Releases

Buenos Aires, March 21st, 2022. On March 16th, Tecnomyl S.A. issued Class I Notes, simple, non-convertible into shares, unguaranteed, for a total nominal value of US$11,398,000. The issuance was made under the Company’s Global Program of up to AR$1,500,000,000. Class I Notes, maturing on March 16th, 2024, will accrue interest at a nominal annual fixed rate, equivalent to 4 ...

Buenos Aires, March 22nd, 2022. On March 16th, Compañía Financiera Argentina S.A. issued Class XXV Notes in two series (simples, subordinated, and non-convertibles into shares); Series I for a nominal value of AR$192,496,592 and Series II for UVAs 5,758,872 (equivalent to AR$607,503,407.28 according to the Initial UVA Value). The Notes issuance was carried out under the Company’s Global Program of up to US$250,000,000 ...

Buenos Aires, February 3rd, 2022. On January 31st, Tarjeta Naranja S.A. issued Class LI Notes, simple, non-convertible into shares, payable in Pesos, carried out in two series, for a total nominal amount of AR$6,000,000,000. The issuance of the Notes was made under the company’s Global Program of up to US$1,000,000,000. Series I Notes were issued for a nominal amount of AR$2,715,057,778 and will mature on January 31st, 2023 ...

Beccar Varela incorporated Dr. Manuel Frávega as a partner to lead the firm’s Environmental Law and Climate Change Department. Most recently, Manuel served as Environment Regional Senior Manager for Tenaris, a multinational steel company subsidiary of the Techint Group, a world leader in the production of steel tubes. The firm’s managing partner, Horacio E ...

Buenos Aires, January 21st, 2022. Beccar Varela advised Agrofina S.A. on the constitution of Agrofina XXVII Financial Trust, set under Secuval II Program, and on the trust debt securities issuance, which took place on January 19th, 2022, carried out for a total amount of US$7,218,991 ...

Buenos Aires, December 29th, 2021. On December 27th, Asociación Civil Sumatoria para una Nueva Economía (“Sumatoria”) carried out its first notes’ issuance in the local capital market with Class I notes, under a specific SME regime, offered in two series, for a total nominal amount of AR$30 million (the “Notes”). Series I Notes were issued for a nominal amount of AR$13,065,000, maturing on March 27th, 2023, accruing interest at a nominal annual fixed rate of 30% ...

Buenos Aires, 16 December 2021. On December 13, Los Grobo Agropecuaria SA (“Los Grobo”) obtained a debt refinancing for approximately US$34 million and negotiated loans in pesos for up to the equivalent amount of US$9 million, including the renewal of existing guarantees by Los Grobo. The lenders of these operations were Banco de Galicia y de Buenos Aires S.A.U., Banco Santander Río S.A., Banco Supervielle S.A., HSBC Bank Argentina S.A., Banco Hipotecario S.A., Banco Itaú Argentina S.A ...

The renowned publication Chambers and Partners awarded Beccar Varela with the Argentina Client Service Award and the Diversity & Inclusion: Environment and Sustainability Firm of the Year award on December 3rd, at the Chambers Latin America Awards 2021 ceremony, held at the Fontainebleau hotel in Miami Beach, United States. The Argentina Client Service Award recognizes local law firms that have achieved excellence in customer service over the past year. Horacio E ...

Buenos Aires, November 11th, 2021. Beccar Varela advised Agrofina S.A. on the structuring of Agrofina XXVI Trust, created under the Secuval II Program (the “Trust”), and on the debt securities issuance under the Trust, carried out for a total amount of AR$496,687,205 on November 1st, 2021. The Trust issuance comprises two Classes of trust debt securities ...

Buenos Aires, November 11th, 2021. On November 4th, Hijos de Salvador Muñoz S.A. (“Salvita” or “HSM”, indistinctly) carried out its first notes’ issuance in the local capital market with Class I notes, denominated in US Dollars, to be integrated and payable in Argentine Pesos, for a total nominal amount of US$6,327,130 (“Class I Notes”) ...

Buenos Aires, September 16th, 2021. The Argentine company Veritran, Inc., a leading global low-code software developer, obtained strategic investment from Trivest Growth Investment Fund II, a fund managed by US private equity company Trivest Partners LP. With this investment, the fintech reached a US$225 million valuation. The transaction closed in August 2021; Beccar Varela advised Trivest on all Argentine law-related matters involved ...

Buenos Aires, September 15th, 2021. Beccar Varela advised Agrofina S.A. on the constitution of Series XXV Financial Trust set up under the program Secuval II (the “Financial Trust”) ...

Buenos Aires, August 30th, 2021. On August 27th, Vista Oil & Gas Argentina S.A.U issued Class XI and Class XII Notes, simple, non-convertible into shares, denominated in U.S. Dollars, to be integrated and payable in Pesos, for a total nominal amount of US$110,000,000. The issuance was made under the company’s Global Program of up to US$800,000,000 ...

Buenos Aires, August 24th, 2021. On August 20th, Banco de Galicia y Buenos Aires S.A.U. issued Class IX and Class X Notes, simple, non-convertible into shares, unguaranteed, and payable in Pesos, for a total nominal amount of AR$2,975,640,275. The issuance was carried out under the Regular Issuer Regime, and the company’s Global Program of up to US$2,100,000,000. Class IX Notes were issued for a nominal amount of AR$1,625,968,275 ...

Buenos Aires, August 19th, 2021. On August 13th, Tarjeta Naranja S.A. issued Class XLIX Notes, simple, non-convertible into shares, unguaranteed, and payable in Pesos, carried out in two series (I and II), for a total nominal amount of AR$3,958,500,000. The issuance was made under the company’s Global Program of up to US$1,000,000,000. Series I Notes were issued for a nominal amount of AR$2,712,000,000 ...

Buenos Aires, August 17th, 2021. On July 19th, Asociados Don Mario S.A. issued Class VI Notes for a total nominal amount of US$7,783,000. The issuance was carried out under the company’s Global Program for the issuance of notes of up to US$60 million (or its equivalent in other currencies). The maturity of Series VI Notes - denominated and payable in US dollars- will take place on December 11th, 2022, accruing interest at an annual nominal fixed rate of 6.15% ...

Buenos Aires, August 3rd, 2021. On April 9th, 2021, World Bank’s International Finance Corporation (IFC) and the Pantaleon Group’s Nicaraguan subsidiary, Monte Rosa S.A., signed an agreement by means of which IFC granted the company a US$15 million revolving credit facility – renewable yearly for up to 4 years– and a US$10 million long-term A-Loan. In this matter, Beccar Varela acted as inter-jurisdictional counsel to IFC, while Arias advised the same organization at the local level ...

Buenos Aires, August 3rd, 2021. On July 29th, Petroagro S.A. issued Class III Notes, simple, not convertible into shares, not guaranteed, denominated in US Dollars and to be integrated and payable in Pesos, for a nominal value of US$5,187,007. The issuance was carried out within the framework of the Global Program of up to US$30,000,000. Class III Notes will mature on October 29th, 2023, and will accrue interest at a fixed annual nominal rate of 6.25% ...

Buenos Aires, July 22nd, 2021. Beccar Varela advised Agrofina S.A. on the constitution of Series XXIV Financial Trust set up under the program Secuval II (the “Financial Trust”). The issuance of securities under the Financial Trust of the total amount of AR$564.427 ...

Buenos Aires, June 13th, 2021. On May 24th, 2021, WeWork, a leading real estate company dedicated to flexible workspaces rental, and SoftBank Latin America Fund, signed a joint venture agreement for operations in Latin America. Beccar Varela advised SoftBank on all legal matters regarding corporate law, real estate, and tax involved in implementing this strategic alliance in Argentina. Founded in 2010, WeWork offers flexible and customized workspaces ...

Buenos Aires, June 24th, 2021. On May 26th, INVAP S.E. ("INVAP") issued Class IV Notes, carried out in three series for a total nominal amount of US$10,126,883 at the Initial Exchange Rate. The issuance was made under the company’s Global Program for the issuance of short, medium and/or long-term notes for a maximum outstanding amount of up to US$50,000,000 (or its equivalent in other currencies and/or units of value) ...

Buenos Aires, June 22nd, 2021. On June 18th, Vista Oil & Gas Argentina S.A.U. (“Vista Argentina”) issued Class IX Notes for US$38,787,069 and Class X Notes for $39,093,997 UVA (equivalent to AR$3,104,063,361.80 at the Initial UVA Value and to US$32,586,881 ...

On June 9th, 2021, the Grunin Center for Law and Social Entrepreneurship of the New York University (NYU) of the United States awarded Beccar Varela with the Grunin Prize Law and Social Entrepreneurship 2021 for having designed the structure of a Trust for the Argentine Network of Municipalities against Climate Change (RAMCC), which enabled various municipalities from provinces across Argentina to unite efforts for the joint development of social and environmental impact projects, in a reliable,

Buenos Aires, May 4th, 2021. On April 6th, 2021, Tarjeta Naranja S.A. issued Class XLVII Notes, denominated, subscribed, and payable in U.S. Dollars, in the amount of US$8,500,000, which were issued to refinance part of the Class XXXVII Notes, in compliance with the provisions of BCRA Communications “A” 7106 and “A” 7230. Class XLVII Notes, which mature on April 28th, 2023, will accrue interest at a fixed rate of 7% n.a. and the principal will be amortized in a single payment on the due date ...

Buenos Aires, April 27th, 2021. On April 22nd, Beccar Varela promoted Carolina Serra, Gustavo Papeschi and Pedro Silvestri to partner, in recognition of their talent and of the great contribution they have made to the firm in the areas of mergers & acquisitions, corporate law, banking, compliance, and real estate. Carolina Serra joined Beccar Varela in 2005. She has extensive experience in advising both national and international companies on corporate law and mergers and acquisitions ...