CLISA – Compañía Latinoamericana De Infraestructura & Servicios’ $270 Million Exchange Offer


McEwan, Roberts, Domínguez, Carassai, Clifford Chance, Martínez de Hoz & Rueda and Proskauer Rose advised on the transaction

CLISA — Compañía Latinoamericana de Infraestructura & Servicios S.A. — CLISA executed an offer to exchange any and all of the outstanding U.S.$300,000,000 9.5% Senior Notes due 2023 issued by CLISA and guaranteed by Cliba Ingeniería Urbana S.A. and Benito Roggio e Hijos S.A. for 9.5% Senior Secured Notes due 2023 to be issued by CLISA.

In conjunction with the Exchange Offer, CLISA is commencing a consent solicitation according to which it will solicit from holders of Old Notes consents to certain proposed amendments to the terms and conditions of the indenture under which the Old Notes were issued.

The Proposed Amendments require the affirmative vote of Holders of more than 50% of the outstanding aggregate principal amount of the Old Notes in accordance with the Old Notes Indenture.

BCP Securities, LLC is acting as the Dealer Manager and Solicitation Agent with respect to the Exchange Offer and the Consent Solicitation and Banco CMF S.A.

CLISA is a leading Argentine infrastructure manager and developer with over 110 years of experience.

McEwan, Roberts, Domínguez, Carassai advised CLISA – Compañía Latinoamericana de Infraestructura & Servicios with Hernán Carassai, Nathalia Conci and Lucila Guerini

Clifford Chance advised CLISA – Compañía Latinoamericana de Infraestructura & Servicios with Jonathan Zonis, Hugo Triaca, Lane Feler and Giancarlo Reanda.

Proskauer Rose advised BCP Securities, LLC with Carlos Martínez, Antonio N. Piccirillo and Matías Leguizamón.

Martínez de Hoz & Rueda advised BCP Securities, LLC and The Bank of New York Mellon and with a team including José Martínez de Hoz (nieto) and Luisina Luchini.

Involved fees earner: Lane Feler – Clifford Chance; Giancarlo Reanda – Clifford Chance; Hugo Triaca – Clifford Chance; Jonathan Zonis – Clifford Chance; Luisina Luchini – Martínez de Hoz & Rueda; María del Mar Lapeña – Martínez de Hoz & Rueda; José Martínez de Hoz (n) – Martínez de Hoz & Rueda; Hernán Carassai – McEwan | Roberts | Dominguez | Carassai; Nathalia Conci – McEwan | Roberts | Dominguez | Carassai; Lucila Guerini – McEwan | Roberts | Dominguez | Carassai; Matias Leguizamon – Proskauer Rose LLP; Carlos Martínez – Proskauer Rose LLP; Antonio Piccirillo – Proskauer Rose LLP;

Law Firms: Clifford Chance; Martínez de Hoz & Rueda; McEwan | Roberts | Dominguez | Carassai; Proskauer Rose LLP;

Clients: Bank of New York Mellon; BCP Securities; Compañía Latinoamericana de Infraestructura & Servicios S.A. ;