IRSA Inversiones y Representaciones Sociedad Anónima’s $130 Million Notes offering


Zang, Bergel & Viñes and Perez Alati, Grondona, Benites & Arntsen advised on the transaction

IRSA Inversiones y Representaciones SA executed its offering of $85.1 million 10% Notes due 2020 and $45 million 10,5% notes due 2020.

BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., AR Partners S.A., Balanz Capital Valores S.A.U., Puente Hnos. S.A. and SBS Trading S.A. acted as placing agents on the offering.

IRSA Inversiones y Representaciones S.A. operates as a diversified real estate company. The Company, led by Eduardo Sergio Elsztain, Saul Zang and Alejandro Gustavo Elsztain, develops, acquires, and operates shopping centers, premium offices, and luxury hotels, as well as residential real estate properties.

Zang, Bergel & Viñes Abogados advised IRSA with Carolina Zang (Picture), Francisco M. Bereciartúa and Nicolás A. Falabella.

Perez Alati, Grondona, Benites & Arntsen advised the underwriters with a team including Diego Serrano Redonnet, Nicolás Aberastury, Guido Meirovich and Paula Balbi.

Involved fees earner: Nicolás Aberastury – Pérez Alati, Grondona, Benites & Arntsen; Paula Balbi – Pérez Alati, Grondona, Benites & Arntsen; Guido Meirovich – Pérez Alati, Grondona, Benites & Arntsen; Diego Serrano Redonnet – Pérez Alati, Grondona, Benites & Arntsen; Francisco Bereciartúa – Zang, Bergel & Viñes Abogados; Nicolás Falabella – Zang, Bergel & Viñes Abogados; Carolina Zang – Zang, Bergel & Viñes Abogados;

Law Firms: Pérez Alati, Grondona, Benites & Arntsen; Zang, Bergel & Viñes Abogados;

Clients: AR Partners ; BACS Banco de Crédito y Securitización; Balanz Capital S.A. ; Banco de Galicia y Buenos Aires S.A.; Banco Hipotecario S.A.; Banco Santander Río S.A.; IRSA Inversiones y Representaciones SA (IRSA); Puente Hermanos S.A.; SBS trade SA;

Author: Ambrogio Visconti.