Cablevisión Holding’s $750 Million Acquisition Financing

Marval, O’Farrell & Mairal, Linklaters, Cleary Gottlieb Steen & Hamilton and Sáenz Valiente advised on the transaction

Cablevisión Holding S.A. (CVH), an affiliate of Grupo Clarín, Argentina’s largest media group, finalized its $750 million acquisition financing. The financing was obtained in connection with the merger between CVH’s subsidiary Cablevisión S.A. and Telecom Argentina S.A..

A consortium of Argentine and international banks including Citibank NA, Goldman Sachs, Industrial and Commercial Bank of China and Itaú Unibanco S.A. extended the financing to CVH in the form of an 18-month bridge loan. The proceeds of the loan will be applied primarily to increase CVH’s indirect equity interest in the merged company.

Cleary Gottlieb Steen & Hamilton advised Cablevisión Holding S.A. with Andrés de la Cruz (Picture), Penélope Christophorou, Jessica McBride, Eduardo Romero, Renata Stepanov, Christina Obiajulu, Josiah Child and Benjamn Terán.

Sáenz Valiente & Asociados advised Cablevisión Holding S.A. with María Lucila Romero and Sebastián R. Frabosqui Díaz.

Marval, O’Farrell & Mairal advised the banks with Diego Chighizola, Juan M. Diehl Moreno, Gabriel Matarasso, Nicolás Biggio and Jacqueline Berkenstadt.

In New York Linklaters advised the banks with Conrado Tenaglia, Eamon Nolan and Cristina González.

Involved fees earner: María Lucila Romero – Sáenz Valiente & Asociados; Sebastián Frabosqui Díaz – Sáenz Valiente & Asociados; Diego Chighizola – Marval, O’Farrell & Mairal; Juan Diehl Moreno – Marval, O’Farrell & Mairal; Gabriel Matarasso – Marval, O’Farrell & Mairal; Nicolás Enrique Biggio – Marval, O’Farrell & Mairal; Jacqueline Berkenstadt – Marval, O’Farrell & Mairal; Conrado Tenaglia – Linklaters; Eamon Nolan – Linklaters; Cristina González – Linklaters; Andrés De la Cruz – Cleary Gottlieb Steen & Hamilton; Penelope Christophorou – Cleary Gottlieb Steen & Hamilton; Jessica McBride – Cleary Gottlieb Steen & Hamilton; Eduardo Romero – Cleary Gottlieb Steen & Hamilton; Renata Stepanov – Cleary Gottlieb Steen & Hamilton; Christina Obiajulu – Cleary Gottlieb Steen & Hamilton; Benjamin Mario Teran – Cleary Gottlieb Steen & Hamilton; Josiah Child – Cleary Gottlieb Steen & Hamilton;

Law Firms: Sáenz Valiente & Asociados; Marval, O’Farrell & Mairal; Linklaters; Cleary Gottlieb Steen & Hamilton;

Clients: Citibank; Goldman, Sachs & Co.; Industrial and Commercial Bank of China; Itaù Unibanco; Cablevisión Holding S.A.;

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Author: Ambrogio Visconti.