Bomchil represented Banco BMA S.A.U. (“BMA”) and Industrial and Commercial Bank of China (Argentina) S.A.U. (“ICBC”) in a new tranche of the refinancing of the offshore debt of Metrogas S.A., Argentina’s largest gas distribution company (“Metrogas”). In this time, ICBC granted a new bilateral loan for an aggregate amount of up to AR$4.2 billion to Metrogas, which will be applied to repay principal maturities of an existing cross border facility, during the second semester of 2024 and first quarter of 2025.  

The transaction required, among other matters, the amendment to the existing syndicated and bilateral loans granted to Metrogas by ICBC and BMA in order to modify the amortization schedules, certain covenants assumed by the company and the interest rate applicable to such loans. 

Legal advisors to Metrogas 

In–house Lawyers: Pablo Ernesto Anderson and Damián Díaz. 

Legal advisors to the Banks 

In-house BMA lawyers: Fernando Forni and Sebastián Videla. 

In-house ICBC lawyers: Tomás Koch, Sonia Lanutti and Juan Cruz González Groppo. 

Bomchil: Partners Fermín Caride and María Victoria Tuculet, and associates Benjamín Nicolas Anaya, Camila González Lima, Tomás Celerier and Lourdes María Aguirre.