TGLT S.A.’s $21 Million Debts Restructuring

Pérez Alati, Grondona, Benites & Arntsen advised TGLT on the transaction. Fretes, Casaburi & Grinenco advised the bondholders.

TGLT S.A. completed successfully the consent solicitation on its Clase XVI and Clase XVII notes for an aggregate principal amount of $21 million.

TGLT SA is an Argentina-based company primarily engaged in the real estate sector. The Company focuses on the land acquisition, as well as development, management, lease and sale of residential and office properties, mainly located in urban centers of Argentina and Uruguay.

Pérez Alati, Grondona, Benites & Arntsen advised TGLT S.A. with a team including Diego Serrano Redonnet (Picture), Nicolás Aberastury, Nahuel Perez de Villarreal, Alejo Muñoz de Toro and Adriana Tucci.

Fretes, Casaburi & Grinenco advised a group of bondholders with Guillermo Fretes.

Involved fees earner: Guillermo Fretes – Fretes, Casaburi & Grinenco; Nicolás Aberastury – Pérez Alati, Grondona, Benites & Arntsen; Nahuel Perez de Villarreal – Pérez Alati, Grondona, Benites & Arntsen; Diego Serrano Redonnet – Pérez Alati, Grondona, Benites & Arntsen;

Law Firms: Fretes, Casaburi & Grinenco; Pérez Alati, Grondona, Benites & Arntsen;

Clients: TGLT S.A.; TGLT S.A. – Bondholder;

Author: Ambrogio Visconti