Argentina
On March 7, 2025, Vista Energy Argentina S.A.U. successfully issued its Class XXVIII simple, non-convertible notes, denominated and subscribed in cash in U.S. dollars abroad
Argentina
Beccar Varela advised IDB Invest on a corporate finance transaction amounting up to USD 14,200,000 granted to the Brazilian and Chilean subsidiaries of Promedon Group, Promedon Do Brasil Produtos Médico-Hospitalares Ltda. and Productos Médicos Promedon Chile S.A., as co-borrowers.The financing had a corporate guarantee from its parent company in Spain, Promedon Life Sciences Holdings S.A., as well as real estate and corporate guarantees from its subsidiary in Argentina, Promedon S
Argentina
Beccar Varela advised Quintana Group on the acquisition of 100% of YPF S.A.'s ownership interest in the area known as “Fernández Oro”, located in the Province of Río Negro, Argentina.The area, situated in the heart of Alto Valle in the rural region of Allen, is strategically important for the supply of natural gas in the region and the country
Argentina
On February 25, 2025, Club Atlético River Plate Asociación Civil carried out its first issuance of negotiable obligations under the special framework for social impact issuances, becoming the first football club in Argentina to issue corporate debt in the capital markets.The Series I Notes, maturing on February 27, 2027, were issued for a nominal amount of AR$12,000,000,000 and accrue interest at a variable rate equivalent to the TAMAR Rate plus a 3.89% margin
Argentina
On February 28, 2025, PSA Finance Argentina Compañía Financiera S.A. issued three series of notes for a total amount of AR$30 billion distributed as follows: (i) Series 31, denominated in UVAs, subscribed and payable in Pesos, at a fixed interest rate of 8.00% with maturity in February 28, 2027, for a nominal value of 2,590,901 UVAs; (ii) Series 32, denominated and payable in Pesos, accruing interest at a variable rate equivalent to the TAMAR rate plus a 3
Argentina
On February 28, 2025, Petróleos Sudamericanos S.A. issued its class II notes, simple, non-convertible into shares, unsecured, denominated, subscribed, and payable in U.S. dollars in Argentina (Dólar MEP), for a total nominal value of US$9,158,045. The Notes accrue interest at a fixed nominal annual rate of 8.75%, payable semiannually. The total principal amount of the Notes will be repaid upon maturity on August 28, 2027.The Notes were rated “A-
Argentina
On February 10, 2025, Banco de Galicia y Buenos Aires S.A.U. issued: (i) Class XXI simple, non-convertible, unsecured notes, denominated, subscribed, and payable in Pesos, for a nominal value of AR$79,786,900,000; and (ii) Class XXII simple, non-convertible, unsecured notes, denominated, subscribed, and payable in U.S. Dollars in Argentina, for a nominal value of US$73,823,009. The issuances were carried out under the CNV’s Frequent Issuer Regime
Argentina
A&O Shearman and Beccar Varela provided legal counsel to the Dutch group SHV Holdings, while Milbank and Perez Alati, Grondona, Benites & Arntsen (PAGBAM) advised the Chilean-owned company Cencosud S.A. in the sale of Supermercados Mayoristas Makro S.A. The transaction includes the transfer of the Roberto Basualdo S.A. chain, specialized in perfumes and cleaning products. The agreement was signed on January 30 for a total amount of US$ 122.5 million
Argentina
Beccar Varela advised Quintana Group on securing US$30,000,000 in financing from Trafigura Argentina S.A. through a crude oil prepayment structure and certain agreements, aimed at supporting the development of the new natural gas demand in Argentina and the region.The funds will be used by Quintana Group for: (a) The acquisition of mature conventional fields sold by YPF S.A
Argentina
On December 5, 2024, Grupo Financiero Galicia S.A. (“Grupo Galicia”) issued 113,821,610 ordinary, book-entry, Class “B” shares, with a nominal value of AR$1 (one Peso) and one vote per share (the “New Shares”), represented by American Depositary Receipts (“ADRs”). The issuance was executed to fulfill the consideration established in the purchase agreement dated April 9, 2024, between Grupo Galicia and Banco de Galicia y Buenos Aires S.A.U
Argentina
On December 27, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued its Class XX simple, non-convertible, unsecured notes, denominated, subscribed, and payable in Pesos, for a nominal value of AR$35,088,750,000 (thirty-five billion eighty-eight million seven hundred fifty thousand Pesos) (the “Class XX Notes” or the “Notes”). The issuance was carried out under the Frequent Issuer Regime of the CNV
Argentina
Beccar Varela, a leading law firm in Argentina, is pleased to announce that it has advised McDonald’s Latin America on entering into a new Master Franchise Agreement (MFA) for a period of 20 years with Arcos Dorados Holdings Inc. the world’s largest independent McDonald’s franchisee.The MFA was entered into on December 30, 2024, which became effective on January 1, 2025, and replaced the previous MFA
Argentina
On November 28, 2024, Radiadores Prats S.A. issued its Series II Notes (the “Notes”) under the PYME CNV Guaranteed Regime, for a total nominal value of AR$2,800,000,000.The Notes, maturing on November 28, 2026, will accrue interest at a variable rate equivalent to the BADLAR Private Rate plus a 7.50% margin per annum. Interest payments will be made quarterly
Argentina
On December 19, 2024, Hijos de Salvador Muñoz S.A. (“Salvita” or “HSM,” interchangeably) issued its third class of notes, divided into two series, under its Global Program of up to USD 50,000,000 (the “Notes”). The Notes are payable in U.S. Dollars in Argentina.The series I Notes were issued for a nominal value of USD 1,382,752. They will mature on June 19, 2026, and accrue interest at a fixed nominal annual rate of 7.50%
Argentina
On December 4, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued (i) Class XVIII simple, non-convertible, unsecured notes, denominated, subscribed, and payable in Argentine Pesos (the “Class XVIII Notes”); and (ii) Class XIX simple, non-convertible, unsecured notes, denominated, subscribed, and payable in U.S. Dollars in Argentina (the “Class XIX Notes”)
Argentina
Beccar Varela advised Lake Resources on the closing of the transaction for the sale of three lithium brine assets to Austroid Corporation for USD 9 million. The transaction, previously announced, provides Lake Resources with additional liquidity. The funds will be used to support the company’s financial stability, enabling it to maintain its strategic focus and advance its flagship project, the Kachi Project
Argentina
Beccar Varela advised FCA Compañía Financiera S.A
Argentina
On November 21, Beccar Varela promoted attorneys Enrique López Rivarola and Fernando Kreser to partners in recognition of their talent and significant contribution to the firm in the areas of tax law and dispute resolution, respectively.Enrique López Rivarola joined the firm in 2008. He focuses on tax law, both in tax advice and planning for domestic and international clients, as well as in complex tax litigation
Argentina
Beccar Varela advised EPAM Systems Inc., a digital transformation services and product engineering company, on the acquisition of the global advanced technology consultancy NEORIS. The closing of the deal was announced on October 31. EPAM completed the purchase of NEORIS from funds managed by Advent International, one of the largest global private equity investors, and Cemex, a global construction materials company
Argentina
Beccar Varela participated in the Climate Policy Monitor study, compiled by University of Oxford researchers and 48 leading global law firms. It was presented on November 14 at COP29 in Baku, Azerbaijan. This is a granular survey on the implementation of net-zero policies in 30 major countries (G20+), providing a detailed view of how key rules and public policies align — or not — to the climate goals of the Paris Agreement
Argentina
Beccar Varela advised on the establishment and issuance of debt securities under the Agrofina Series XXIX Financial Trust, issued on October 31, 2024, for a total amount of AR$3,256,655,334, within the framework of the Secuval II Program.Banco de Valores S.A. acted as Financial Trustee, Custodian Agent, Organizer, and Placement Agent, while Agrofina S.A. served as Trustor, Administrator, and Collection Agent
Argentina
On November 4, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued Class XVII Notes (the “Notes”), which are simple, non-convertible, unsecured obligations, denominated in U.S. Dollars, payable in cash abroad in U.S. Dollars, with a nominal amount of US$83,477,768. The issuance was carried out under CNV’s Frequent Issuer Regime, as part of the U.S
Argentina
Beccar Varela has been recognized by the prestigious publication The Legal 500 as a Top Tier firm in the latest edition of its Legal 500 Latin America 2025 guide. Both the firm and its professionals have achieved prominent positions across the 21 practice areas covered by this publication in Argentina. The firm reached the highest rankings in Compliance, Fintech, International Trade & Customs, Public Law, and TMT, where it is listed as Tier 1
Argentina
On September 19, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued Additional Class XIV Notes, simple, non-convertible into shares, unsecured, denominated, payable, and integrated in Pesos, for a nominal value of AR$9,256,962,511, and Class XV Notes, simple, non-convertible into shares, unsecured, denominated, payable, and integrated in Pesos, for a nominal value of AR$42,106,850,000.The Notes were issued under the CNV Frequent Issuer Regime
Argentina
On September 16, 2024, Gastaldi Hnos. S.A.I. y C.F. E I. (“Gastaldi”) issued Series II Class II Notes (“the Notes”) under the PYME CNV Guaranteed Regime.The Notes were issued for a nominal value of AR$ 4,679,000,000 at a Private Badlar Rate plus a margin of 7% annual nominal rate
