Loma Negra Compañía Industrial Argentina’s $1.1 Billion Initial Public Offering

White & Case, Marval, O´Farrell & Mairal, Grama Schwaighofer Vondrak Rechtsanwälte GmbH, Davis Polk & Wardwell and Perez Alati, Grondona, Benites, Arntsen & Martínez de Hoz advised on the transaction

Loma Negra Compañía Industrial Argentina Sociedad Anónima and Loma Negra Holding GmbH, as selling shareholder, finalized the offering of an aggregate of 53,530,000 American Depositary Shares (including the full exercise of the underwriters’ overallotment option), each representing five of its ordinary shares, at a price per ADS of $19.00. The international offering was part of a global offering that also included a concurrent offering of 21,000,000 ordinary shares in Argentina at a price of $3.80 per share. The global offering raised gross proceeds of $1.1 billion. The ADSs are listed on the New York Stock Exchange under the symbol “LOMA.”

Merrill Lynch, Bradesco, Citi, HSBC, Itaú, Morgan Stanley and Banco Patagonia acted as Initial Purchasers.

Loma Negra is an Argentine cement producer. Loma Negra produces and distributes cement, masonry cement, aggregates, concrete and lime to wholesale distributors, concrete producers and industrial customers, among others. The company owns 51% of Yguazú Cementos S.A., one of the two leading cement producers in Paraguay. The company is controlled by the InterCement Group, one of the largest cement producers in the world.

White & Case LLP advised Loma Negra Compañía Industrial Argentina Sociedad Anónima with John R. Vetterli (Picture) and John P. Guzman.

Marval, O´Farrell & Mairal advised Loma Negra Compañía Industrial Argentina Sociedad Anónima with Fernando Hernández, Hernán Slemenson and Ágata Radajczyk.

In Austria, Grama Schwaighofer Vondrak Rechtsanwälte GmbH advised Loma Negra Holding GmbH with Wolfgang Freund, Mirza Benca, Georg Zacherl and Maximilian Waldstein-Wartenberg.

Perez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) advised Merrill Lynch, Bradesco, Citi, HSBC, Itaú, Morgan Stanley and Banco Patagonia with Diego Serrano Redonnet, José Martínez de Hoz (n), Maximiliano Batista, Sofía Leggiero, Lucas Cataldi and Luisina Lucchini.

Davis Polk advised the Initial Purchasers with Maurice Blanco, associates Elliot M. de Carvalho and Adela Troconis. The tax team included partner Po Sit and associate Alexander J. Hendin. Counsel Marcie A. Goldstein provided FINRA advice.

 

Involved fees earner: Mirza Benca – Grama Schwaighofer Vondrak Rechtsanwälte GmbH ; Georg Zacherl – Grama Schwaighofer Vondrak Rechtsanwälte GmbH ; Maximilian Waldstein-Wartenberg – Grama Schwaighofer Vondrak Rechtsanwälte GmbH ; Wolfgang Freund – Grama Schwaighofer Vondrak Rechtsanwälte GmbH ; Fernando Hernández – Marval, O’Farrell & Mairal; Hernán Slemenson – Marval, O’Farrell & Mairal; Agata Radajczyk – Marval, O’Farrell & Mairal; Maurice Blanco – Davis Polk & Wardwell; Elliot de Carvalho – Davis Polk & Wardwell; Adela Troconis – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; Alexander Hendin – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Diego Serrano Redonnet – Pérez Alati, Grondona, Benites, Arntsen & Martínez; José Martínez de Hoz (h) – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Sofía Leggiero – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Lucas Cataldi Othacehe – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Maximiliano Batista – Pérez Alati, Grondona, Benites, Arntsen & Martínez; John Vetterli – White & Case; John Guzman – White & Case;

Law Firms: Grama Schwaighofer Vondrak Rechtsanwälte GmbH ; Marval, O’Farrell & Mairal; Davis Polk & Wardwell; Pérez Alati, Grondona, Benites, Arntsen & Martínez; White & Case;

Clients: Citibank; HSBC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; Banco Bradesco BBI S.A.; Banco Itaú; Banco Patagonia SA ; Loma Negra Compañía Industrial Argentina Sociedad Anónima; Loma Negra Holding GmbH;