Jujuy Province’s Debt Restructuring

Clifford Chance has advised BCP Securities, LLC and Santander Investment Securities Inc. as solicitation agents in the successful consent solicitation of the Province of Jujuy to amend the terms of its 8.625% Notes due 2022.

As of the expiration time of the consent solicitation, the Province received consents from holders representing approximately 92.45% of the principal amount of Notes outstanding, obtaining the requisite consents under the indenture governing the Notes to give effect to the proposed amendments in the consent solicitation. Therefore, the Province and the trustee entered into a supplemental indenture and the Notes were amended to, among other things, lower coupon payments and extend the maturity date of the Notes.

The Clifford Chance team was led by Capital Markets partner Hugo Triaca (Picture) in New York. Special Legal Consultant Pablo Fekete in Washington, DC provided support.

Involved fees earner: Pablo Fekete – Clifford Chance; Hugo Triaca – Clifford Chance;

Law Firms: Clifford Chance;

Clients: BCP Securities; Santander Investment Securities Inc.;

Martina Bellini

Author: Martina Bellini