Arcor S.A.I.C.’s $150 Million Notes Offering

Linklaters, Muñoz de Toro, Davis Polk & Wardwell, Bruchou, Fernández Madero & Lombardi advised on the transaction

Arcor S.A.I.C. finalized a Rule 144A/Regulation S notes offering of an aggregate principal amount of an additional $150 million, which was a further issuance of the $350 million 6.000% fixed-rate notes due 2023 originally issued on July 6, 2016, under Arcor’s $800 million global short- and medium-term note program.

Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC and Santander Investment Securities Inc. acted as initial purchasers.

Arcor S.A.I.C. is a Latin American producer of confectionery products, one of the largest producers of hard candy and a candy exporter in Argentina, Brazil and Chile.

Muñoz de Toro advised Arcor S.A.I.C. with Ricardo Muñoz de Toro.

In New York, Linklaters advised Arcor S.A.I.C. with Matthew Poulter (Picture), Conrado Tenaglia, Ricardo Menéndez, Kate Long, Gabriel Grossman and Sergio Tálamo.

The Davis Polk advised the representatives of the initial purchasers with Maurice Blanco and Drew Glover. The tax team included partner Michael Farber and associates Rachel Lerner and Yoojin L. Kim.

In Argentina, Bruchou, Fernández Madero & Lombardi advised the Initial Purchasers with Alejandro Perelsztein, Leandro Belusci, Sofía Gallo and Lucía Vidaña.

Involved fees earner: Ricardo Muñoz de Toro – Muñoz de Toro Abogados; Alejandro Perelsztein – Bruchou, Ferna?ndez Madero & Lombardi; Leandro Belusci – Bruchou, Ferna?ndez Madero & Lombardi; Sofía Gallo – Bruchou, Ferna?ndez Madero & Lombardi; Lucía Vidaña – Bruchou, Ferna?ndez Madero & Lombardi; Maurice Blanco – Davis Polk & Wardwell; Drew Glover – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; Rachel Lerner – Davis Polk & Wardwell; Matthew Poulter – Linklaters; Conrado Tenaglia – Linklaters; Ricardo Menéndez – Linklaters; Sergio Talamo – Linklaters; Kate Long – Linklaters; Gabriel Grossman – Linklaters;

Law Firms: Muñoz de Toro Abogados; Bruchou, Ferna?ndez Madero & Lombardi; Davis Polk & Wardwell; Linklaters;

Clients: JP Morgan Securities; Itaú BBA USA Securities; Banco Santander Río S.A.; Banco Itaú Argentina S.A.; Arcor S.A.I.C.;

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Author: Ambrogio Visconti.