Argentina

O'Farrell advised John Deere Credit Compañía Financiera S.A. and EGFA Abogados advised Banco de Galicia y Buenos Aires S.A., Banco Santander Argentina S.A., and Balanz Capital Valores S.A.U., as organizers and placement agents in the offering and issuance of Additional Class XVIII Notes denominated and payable in US in Argentina dollars at a fixed annual nominal rate of 8,5% and maturing in 2027 for a total amount of US$ 27,691,000. The Additional Class XVIII Notes were issued on September 5, 2025, under the Frequent Issuer Regime established in Section VIII, Chapter V, Title II of the CNV Regulations. The Additional Class XVIII Notes have been authorized for listing on Bolsas y Mercados Buenos Aires S.A. (BYMA) through the Bolsa de Comercio de Buenos Aires S.A. (BCBA) and for trading on the A3 Mercados S.A. (A3). Legal advice to John Deere Credit Compañía Financiera S.A. O'Farrell: Partner Sebastián Luegmayer, Senior Consultant Nicolás Fernández Madero and associate Irupé Martínez. Legal advice to the Placement Agents EGFA Abogados: Partner Carolina Curzi and associates María Constanza Martella, Agustina Weil and Marina Galíndez.

O’Farrell advised Scania Credit Argentina S.A.U. on its first issuance of notes in the Argentine capital markets, marking a historic milestone in its financial and institutional development. The issuance of Class 1 Notes, denominated and payable in U.S. dollars, took place on September 5, 2025, for a total amount of US$ 28,719,227, at a fixed annual nominal rate of 8.75% and maturing in September 2027. The result reflects investors’ confidence in the company’s financial strength and its long-term growth plan. The Class 1 Notes were issued under the company’s Global Notes Program approved by the Argentine Securities Commission (Comisión Nacional de Valores), pursuant to Section IV, Chapter V, Title II of its Rules. The Notes were authorized for listing on Bolsas y Mercados Argentinos S.A. (BYMA) through the Buenos Aires Stock Exchange (BCBA), and for trading on A3 Mercados S.A. (A3). PAGBAM advised Banco Santander Argentina S.A. as organizer and placement agent, and Banco Santander Argentina S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., Balanz Capital Valores S.A.U., Banco BBVA Argentina S.A., Puente Hnos. S.A., PP Inversiones S.A., Global Valores S.A., Allaria S.A. and Adcap Securities Argentina S.A., as placement agents. Legal advice to Scania Credit Argentina S.A.U. O'Farrell: Partner Sebastián Luegmayer, Senior Consultant Nicolás Fernández Madero and associate Irupé Martínez. Internal Legal Advisors: Martín Garat and Verónica Monsalve. Legal advice to the Organizer and the Placement Agents Perez Alati, Grondona, Benites & Arntsen: Partner Diego Serrano Redonnet, Counselor Nicolás Aberastury and associates Juan Ignacio Rodriguez Goñi, Tamara Friedenberger, Catalina Hermida Pini and Juan Hernán Bertoni.

O'Farrell advised John Deere Credit Compañia Financiera S.A. and EGFA Abogados advised Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., Banco BBVA Argentina S.A., Balanz Capital Valores S.A.U., Banco Patagonia S.A., Macro Securities S.A.U., Puente Hnos S.A. and Banco Comafi S.A., as organizers and placement agents in the offering and issuance of Series XVII Notes denominated and payable in US dollars at a fixed annual nominal rate of 7,5% and maturing in 2027 for a total amount of US$ 42,131,380. The issuance of the Series XVII Notes was carried out on May 27, 2025, under the Frequent Issuer Regime established in Section VIII, Chapter V, Title II of the CNV Regulations. The Series XVI Notes have been authorized for listing on Bolsas y Mercados Buenos Aires S.A. (BYMA) through the Bolsa de Comercio de Buenos Aires S.A. (BCBA) and for trading on the A3 Mercados S.A. (A3). Legal advice to John Deere Credit Compañía Financiera S.A. O'Farrell: Partner Sebastián Luegmayer, Senior Consultant Nicolás Fernández Madero and associate Irupé Martínez. Legal advice to the Placement Agents EGFA Abogados: Partner Carolina Curzi and associates María Constanza Martella, Agustina Weil and Marina Galíndez.  

Buenos Aires, May 8, 2025. Nicholson y Cano Abogados acted as local legal counsel to Golar LNG Limited in the closing of one of the most significant transactions for the development of energy infrastructure in Argentina: the final investment decision (FID) and the execution of definitive agreements for the development of a natural gas liquefaction project aimed at export. This includes the execution of 20-year bareboat charter agreements for two floating liquefied natural gas (FLNG) units—the FLNG Hilli Episeyo and the MKII FLNG—to operate off the coast of the province of Río Negro. This project marks an unprecedented milestone in the country’s energy history: the first permit granted for the free export of LNG for a 30-year term, along with a globally scaled infrastructure investment that will enable the monetization of natural gas from the Vaca Muerta formation, the second-largest shale gas reserve in the world. Additionally, the project has been approved under the Regime for Incentives for Large Investments (RIGI) as a “Strategic Long-Term Export Project” within the "Oil & Gas" sector. Mariana Guzian and Nicolás Perkins, partners at the firm, led the local team that advised Golar on all regulatory, contractual, and corporate aspects of the transaction. Other participating partners included Horacio Payá (Environmental), Cecilia Martín (Tax), Martín Rodríguez (Regulatory), María Victoria Duarte Inchausti (Corporate), and Pablo Venarotti (Labor), along with associates Sofía Ravenna, Ignacio Muneta, and Federico De La Torre. The FLNG units will be located off the coast of the San Matías Gulf and will operate under agreements with Southern Energy S.A. (SESA), a company formed by Pan American Energy (30%), YPF (25%), Pampa Energía (20%), Harbour Energy (15%), and Golar LNG (10%). Operations of the Hilli unit are expected to begin in 2027, while the MKII unit is scheduled to start in 2028, following confirmation of the FID and completion of its conversion at CIMC Raffles shipyards in China. Golar’s estimated combined annual revenue from the project is approximately USD 685 million, with a variable rate linked to international LNG prices. The transaction involved close collaboration with international law firm Latham & Watkins LLP, led by partner Christopher Peponis and associate Carlos Díaz, alongside Golar’s in-house legal team: Pernille Noraas, Alejandro Figueroa, and Elizabeth Lord. This development marks the beginning of a new era for Argentina’s energy industry, as it provides the necessary infrastructure to deliver Vaca Muerta’s unconventional gas to international markets through an innovative, sustainable, and highly efficient model. “We are proud to have played an active role in bringing this transaction to life—not only for what it represents in terms of investment and energy development for Argentina and abroad, but also because of the wide range of legal practice areas at the firm that were involved,” said Mariana Guzian, partner at Nicholson y Cano and lead counsel on the deal. Along the same lines, Nicolás Perkins, also a partner and part of the advisory team, added: “Thanks to being a full-service firm, we had the strength and depth to support the transaction across all relevant practice areas—from contractual and administrative matters to environmental, tax, regulatory, corporate, and labor issues.”