Bruchou & Funes de Rioja

On February 19, 2025, Open Cars Group entered into a share purchase agreement to acquire 100% of the share capital and voting rights of Mercedes Benz Argentina S.A.U. (now Prestige Auto S.A.U.) from Mercedes-Benz Group, which was completed on June 17, 2025. The transaction includes the indirect acquisition of a controlling interest in Círculo Cerrado S.A. de Ahorro para Fines Determinados, a local vehicle savings plan company.

On June 23, 2025, Banco Macro S.A. (“Banco Macro”), one of Argentina’s leading financial institutions, issued, in the local and international markets, its 8.000% senior unsecured notes due 2029, for an aggregate principal amount of US$400,000,000 (the “Notes”), under Banco Macro’s US$1,500,000,000 Global Medium-Term Note Program (or its equivalent in other currencies and/or monetary, measurement, or value units).

As of May 1st, Maximiliano Yudica Bartels has been appointed as Expert Counsel in the Tax Department at Bruchou & Funes de Rioja, further consolidating his career within the firm.

Pluspetrol S.A. (the "Company") carried out a local and international offering (the "Offering") for an aggregate principal amount of US$450,000,000 in notes maturing in 2032 (the "Notes").

On May 28, 2025, Pampa Energía S.A. (“Pampa”), a leading company in the energy and oil and gas sector, issued, in the local and international markets, additional 7.875% senior unsecured notes due 2034, for an aggregate principal amount of US$340,000,000 (the “Notes”), under the frequent issuer regime from the Argentine Securities Commission (Comisión Nacional de Valores).

Bruchou & Funes de Rioja advised JPMorganChase on the negotiation of the lease agreement for an entire office building located in Centro Empresarial Núñez (CEN), a prime location within the northern corridor of the City of Buenos Aires.

Bruchou & Funes de Rioja advised YPF S.A. and TCA Tanoira Cassagne advised Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., Balanz Capital Valores S.A.U., TPCG Valores S.A.U, Max Capital S.A. and Banco Comafi S.A. as placement agents, in YPF S.A.’s issuance of additional class XXX notes for an aggregate value of US$204,000,000 (the “Notes”).

Bruchou & Funes de Rioja asesoró a YPF S.A. y TCA Tanoira Cassagne asesoró a Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., Balanz Capital Valores S.A.U., TPCG Valores S.A.U., Max Capital S.A. y Banco Comafi S.A. como colocadores, en la emisión de las obligaciones negociables adicionales clase XXX por un valor nominal de US$204.000.000 (las “Obligaciones Negociables”).

Bruchou & Funes de Rioja y Clifford Chance LLP actuaron como asesores legales de Vista Energy Argentina S.A.U, subsidiaria de Vista Energy, S.A.B. de C.V. (“Vista Energy”), en la adquisición del 100% del capital social y los derechos de voto de Petronas E&P Argentina S.A. a Petronas Carigali Canada B.V. y Petronas Carigali International E&P B.V. (“Petronas”).

Bruchou & Funes de Rioja has appointed Leandro Exequiel Belusci and Pablo Crimer as new partners in its Banking & Capital Markets and Environmental Law Departments, respectively, effective April 1st.

El pasado 1 de abril, Leandro Exequiel Belusci y Pablo Crimer fueron promovidos como nuevos socios de los Departamentos de Derecho Bancario & Mercado de Capitales y Derecho Ambiental, respectivamente, en Bruchou & Funes de Rioja.

Generación Mediterránea S.A. and Central Térmica Roca S.A. co-issued their Class XXXII Additional Negotiable Obligations, denominated and payable in U.S. Dollars at a fixed nominal annual interest rate of 9.50%, maturing on May 30, 2026, for a nominal value of US$3,686,873 (the “Class XXXII Additional Negotiable Obligations”), and their Class XLII Negotiable Obligations, denominated and payable in Pesos at a variable interest rate, maturing on February 26, 2026, for a nominal value of AR$6,024,952,347 (the “Class XLII Negotiable Obligations” and, together with the Class XXXII Additional Negotiable Obligations, the “Negotiable Obligations”).

Bomchil represented Compañía General de Combustibles S.A. and Bruchou & Funes de Rioja acted as counsel to the book-running managers and the placement agents in the issuance of 7.00% Notes Series 37 denominated and payable in dollars and maturing in October 2027 for an aggregate amount of US$27,630,742 (the “Notes Series 37”).

Bruchou & Funes de Rioja advised YPF S.A. and TCA Tanoira Cassagne advised Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A. and Balanz Capital Valores S.A.U. as arrangers an placement agents, and Banco BBVA Argentina S.A., Banco Comafi S.A., Banco CMF S.A., Banco de la Provincia de Buenos Aires, Banco de la Provincia de Córdoba S.A., Banco Mariva S.A., Banco Patagonia S.A., Banco Supervielle S.A., Buenos Aires Valores S.A., Industrial Valores S.A., Invertironline S.A.U., Petrini Valores S.A.U., Puente Hnos. S.A. and Macro Securities S.A.U, as placement agents, in YPF S.A.’s issuance of (i) the class XXXV notes for an aggregate value of US$139,894,182 (the “Class XXXV Notes”); and (ii) the class XXXVI notes for an aggregate value of US$58,971,000 (the “Class XXXVI Notes”, and together with Class XXXV Notes, the “Notes”) subscribed under YPF´s Frequent Issuer Notes Program.

On March 5th, 2025, Genneia S.A. (“Genneia”) issued the Class XLVIII Green Notes denominated and payable in U.S. Dollars (hard dollar), at a fixed annual nominal interest rate of 6.50%, for a nominal value equivalent to US$ 27,760,264 (the “Class XLVIII Notes” or the “Notes”).

Bruchou & Funes de Rioja advised Allaria S.A., the leading company in Argentina’s capital markets by business volume and the country’s top Clearing and Settlement Agent (ALyC), on the acquisition of an initial 9.5% stake in Banco del Sol’s share capital. This marks the first step in a strategic alliance between Allaria and Grupo Sancor Seguros, aimed at providing comprehensive financial services to companies across the country.

Bruchou & Funes de Rioja advised Petroquímica Comodoro Rivadavia S.A. and TCA Tanoira Cassagne advised Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A. and Balanz Capital Valores S.A.U. as placement agents (together the “Placement Agents”), in Petroquímica Comodoro Rivadavia’s issuance of Class S Notes for an amount of US$ 65,000,000, under the “Frequent Issuer Simplified Regime” (Régimen de Emisor Frecuente).

Tavarone Rovelli Salim Miani TRSM advised Grupo Albanesi (Generación Mediterránea S.A., Central Térmica Roca S.A. and Albanesi Energía S.A.), and Bruchou & Funes de Rioja advised the Arranger, the  Security Agent and the Lenders, in the granting of a syndicated loan for a committed amount of US$ 59,000,000 and a máximum amount of US$ 80,000,000 (the “Loan”), entered into by Generación Mediterránea S.A., Central Térmica Roca S.A., as borrowers, Albanesi Energía S.A., as guarantor, and  Banco Hipotecario S.A. as arranger, lender and administrative agent (the “Arranger”), Banco de Galicia y Buenos Aires S.A.U., as security agent and lender (the “Security Agent”), and Banco Supervielle S.A., Banco Santander Argentina S.A., Banco de la Provincia de Córdoba S.A., Banco de la Ciudad de Buenos Aires, Banco de Servicios y Transacciones S.A., and Banco de la Provincia de Buenos Aires (collectively with the Arranger and the Security Agent, the “Lenders”).

Martínez de Hoz & Rueda advised Pan American Energy, S.L., Argentine Branch, a leading integrated energy company in Argentina,

Bruchou & Funes de Rioja advised Pluspetrol S.A (“Pluspetrol”),

Tecpetrol S.A. (“Tecpetrol”) successfully completed its offering of U.S.$ 400,000,000 7.625% fixed notes due 2033 (the “Notes”).

Bruchou & Funes de Rioja acted as Argentine legal counsel to BBVA Securities Inc., Citigroup Global Markets Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC, Santander US Capital Markets LLC,

On January 17, 2025 YPF S.A. (“YPF”), the largest Argentine company mainly engaged exploitation of hydrocarbon products and their derivatives in Argentina,

Bruchou & Funes de Rioja acted as deal counsel in the recent issuance and inaugural public offering in Argentina of trust securities secured for a nominal value of 24,100,000 UVA,

Bruchou & Funes de Rioja advised on the Initial Public Offering (IPO) of ECOGAS Inversiones S.A. (“ECOGAS”) through the public offer for subscription of shares in kind and voluntary exchange addressed to (i) all shareholders holding Class “B” common shares of Distribuidora de Gas del Centro S. A.