TGLT’s Recapitalization transactions


Perez Alati, Grondona, Benites & Arntsen, Simpson Thacher & Bartlett and Zang, Bergel & Viñes advised on the transactions

TGLT executed a series of transaction in order to ricapitalize the company and optimize its debts structure.

The company completed a series of subscription offerings both for preferred and ordinay stocks and contestually completed the settlement of its (i) offer to exchange its Convertible Subordinated Notes due 2027 and entitlements to deferred interest in respect of the Notes for its Class B convertible preferred stock or American depositary shares representing Class B Preferred Stock; and (ii) offer to exchange American depositary shares representing shares of its common stock for Class B Preferred ADSs.

Perez Alati, Grondona, Benites & Arntsen advised the Ad-Hoc Committee of bondholders with Diego Serrano Redonnet (Picture), Danilo Parodi Logioco, Guido Meirovich and Paula Balbi.

Simpson Thacher & Bartlett advised the Ad-Hoc Committee of bondholders with S. Todd Crider.

Zang, Bergel & Viñes advised IRSA Propiedades Comerciales S.A. with Carolina Zang, María Laura Barbosa and Francisco Bereciartúa.

Involved fees earner: Paula Balbi – Pérez Alati, Grondona, Benites & Arntsen; Guido Meirovich – Pérez Alati, Grondona, Benites & Arntsen; Danilo Parodi Logioco – Pérez Alati, Grondona, Benites & Arntsen; Diego Serrano Redonnet – Pérez Alati, Grondona, Benites & Arntsen; Todd Crider – Simpson Thacher & Bartlett; María Laura Barbosa – Zang, Bergel & Viñes Abogados; Francisco Bereciartúa – Zang, Bergel & Viñes Abogados; Carolina Zang – Zang, Bergel & Viñes Abogados;

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

Clients: Ad Hoc Committee Convertible Subordinated Notes TGLT; IRSA Propiedades Comerciales S.A. ;

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Author: Ambrogio Visconti.