Telecom Argentina’s $400 Million Notes Offering

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

The notes were issued under the company’s $3 billion medium-term note program, with maturity in 2026 and at an annual fixed interest rate of 8 per cent.

Citigroup Global Markets, HSBC Securities, JP Morgan Securities and Santander Investment Securities acted as joint lead managers and bookrunners and Industrial and Commercial Bank of China (Argentina) acted as Argentinian placement agent.

Telecom Argentina SA provides telecommunications services including local, long-distance and international service in Argentina. The company, led by Carlos Alberto Moltini, Gabriel Pablo Blasi and Gonzalo Hita, in 2018, recorded $3.829 billion revenues.

Cleary Gottlieb Steen & Hamilton advised Telecom Argentina SA with Andrés de la Cruz (Picture), Juan Grimau, Linda Zang, Marco D’Angelo, Nicholas Koeppen and Rodrigo López Lapeña.

EGFA Abogados advised Telecom Argentina with Baruki González, Delfina Lynch, Pedro Torassa and Joaquin Vidal.

Linklaters advised the Joint bookrunners with Conrado Tenaglia, Mimi Powell and Madeleine Bléhaut.

Marval, O’Farrell & Mairal advised the joint bookrunners with Juan M. Diehl Moreno, María Manuela Lava and Sergio Tálamo.

Involved fees earner: Andrés De la Cruz – Cleary Gottlieb Steen & Hamilton; Rodrigo López Lapeña – Cleary Gottlieb Steen & Hamilton; Linda Zang – Cleary Gottlieb Steen & Hamilton; Baruki González – Errecondo, Gonzalez & Funes ; Delfina Lynch – Errecondo, Gonzalez & Funes ; Madeleine Bléhaut – Linklaters; Mimi Powell – Linklaters; Conrado Tenaglia – Linklaters; Juan Diehl Moreno – Marval, O’Farrell & Mairal; Maria Manuela Lava – Marval, O’Farrell & Mairal; Sergio Tálamo – Marval, O’Farrell & Mairal;

Law Firms: Cleary Gottlieb Steen & Hamilton; Errecondo, Gonzalez & Funes ; Linklaters; Marval, O’Farrell & Mairal;

Clients: Citigroup Global Markets Ltd; HSBC Securities; Industrial and Commercial Bank of China; JP Morgan Securities; Santander Investment Securities Inc.; Telecom Argentina SA;

Author: Ambrogio Visconti.