TCA Tanoira Cassagne advised Ecosur Bahia S.A. as issuer and Cono Sur Inversiones S.A as arranger and placement agent in the issuance of series I notes due on June 20th, 2026, denominated and payable in Argentine Pesos, for an aggregate amount of AR$400,000,000 and accruing a floating interest rate equal to the BADLAR rate plus a 7% margin (the “Notes”).
The Notes are fully guaranteed by Promover S.G.R. and Potenciar S.G.R. as Guarantee Entities duly authorized by the National Securities Commission.
Ecosur Bahía S.A. is a construction company of Argentine capital. It began its activities in 1967 and since then has maintained an active presence in the construction market. It specializes in the construction of public and private works such as water aqueducts, sewage collectors, home water and sewer distribution networks, conduits and pipes for storm drains, elevated reinforced concrete drinking water tanks, drinking water storage cisterns and complementary civil works, sewage liquid and drinking water lifting stations, electromechanical works, home gas networks, urban and suburban gas pipelines.
Deal Counsel: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal and Jaime Uranga; and Associates: Teófilo Trusso and Ana Miranda.
