We have a unique expertise in debt restructurings, having advised in the main transactions in such areas during the last 15 years, especially in those made through pre-packaged insolvency plans (AcuerdosPreventivosExtrajudiciales or APEs)). Our partners developed the first APE agreement ever used in the restructuring of the financial debt of Multicanal (a major cable and internet service provider company) in an amount of approximately US$500 million.
We advised in the debt restructurings of Arte Gráfico EditorialArgentino and AGR (Clarín newspaper) (more than US$400 million), Autopistas del Sol (more than US$500 million), Transener(a major electricity transportation company) (more than US$540 million), CIESA (controlling company of Transportadora Gas del Sur, a major gas transportation company) (US$330 million), GASA (controlling company of Metrogas, a major gas distribution company), Transportadora Gas del Sur (more than US$1 billion), Transportadora Gas del Norte (US$350 million), Metrogas (more than US$435 million), Telecom Argentina (US$2,7 billion), Cablevisión (US$790 million), Edenor (US$490 million), among others.
In the last few years we restructured Renoir II Real State project in Puerto Madero (for an amount of approximately US$90 million), first one conducted through an APE, and represented InversoraEléctrica de Buenos Aires (controlling company of EmpresaDistribuidoraAtlántica, one of the main electricity distribution companies in the Province of Buenos Aires), in its successful APE (for approximately US$135 million)that obtained the support of more than 90% of the creditors, and recognition in the US through a Chapter 15 proceeding before the US Courts.
We have led legal teams and participated in major litigation proceedings related to insolvency situations, litigated both in Argentina and in New York.
In public sector, we advised the Argentine Government in the final settlement with the holdouts, having achieved the Global Finance Deal of the Year Award from The American Lawyer.
Contacts:
Baruki González: baruki.gonzalez@egfa.com.ar.
Saturnino J. Funes: saturnino.funes@egfa.com.ar.
