Industrias Metalurgicas Pescarmonas’s $1.2 Billion Restructuring

Estudio Becerra y Asociados, Perez Alati, Grondona, Benites, Arntsen & Martínez de Hoz, Cleary Gottlieb Steen & Hamilton, Estudio Córdova Francos and Clifford Chance advised on the transaction.

Industrias Metalurgicas Pescarmonas (IMPSA) and controlling Shareholder Venti finalized an out-of-court agreement with bondholders to settle debts worth about $1.2 Billion.

Industrias Metalúrgicas Pescarmona S.A.I.C. y F. provides integrated solutions for power generation from renewable resources, equipment for the process industry, and nuclear power in Argentina and internationally. The company, led by Juan Carlos Fernández, Julio Dreizzen, Sergio Carobene, David Seltzer and Hernan Iglesias, is based in Argentina.

Estudio Becerra y Asociados advised Impsa and Venti with Nicolás Becerra.

Perez Alati, Grondona, Benites, Arntsen & Martínez de Hoz advised Impsa and Venti with Martín Lepiane, Diego M. Serrano Redonnet, Lautaro Ferro, Bárbara Santori, Agustina Houlin, Martín Chindamo, Julián Onagoity, Tomás Fernández Madero, David Hinojosa and Santiago Fedele.

Cleary Gottlieb Steen & Hamilton advised Impsa and Venti with Andrés de la Cruz (Picture) and Emilio Minvielle.

Estudio Córdova Francos advised the Ad Hoc Group of Bondholders with Fabián D’Aiello, Sebastián Córdova, Evelyn Harbek, Guillermo Banchi and Verónica Pianta.

Clifford Chance advised the Ad Hoc Group of Bondholders with Charles Adams.

 

Involved fees earner: Nicolás Becerra – Estudio Becerra y Asociados; Fabián D’Aiello – Córdova Francos Abogados; Sebastián Córdova Moyano – Córdova Francos Abogados; Guillermo Banchi – Córdova Francos Abogados; Martín Lepiane – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Diego Serrano Redonnet – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Lautaro Ferro – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Bárbara Santori – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Agustina Houlin – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Martín Chindamo – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Julián Onagoity – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Tomás Fernández Madero – Pérez Alati, Grondona, Benites, Arntsen & Martínez; David Alejandro Hinojosa – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Santiago Fedele – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Emilio Minvielle – Cleary Gottlieb Steen & Hamilton; Andrés De la Cruz – Cleary Gottlieb Steen & Hamilton; Charles Adams – Clifford Chance;

Law Firms: Estudio Becerra y Asociados; Córdova Francos Abogados; Pérez Alati, Grondona, Benites, Arntsen & Martínez; Cleary Gottlieb Steen & Hamilton; Clifford Chance;

Clients: Industrias Metalúrgicas Pescarmona S.A.I.C. y F. ; Industrias Metalúrgicas Pescarmona S.A.I.C. y F. – Ad Hoc Group of Bondholders;

 

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Author: Ambrogio Visconti.