Firm Represents Initial Purchasers in Tier II Regulatory Capital Debt Offering by Banco Macro S.A.
The Firm represented Goldman, Sachs & Co. and UBS Securities LLC, as initial purchasers, in connection with the offering of US$400 million of 6.75% Subordinated Resettable Notes due 2026 issued by Banco Macro S.A. (“Macro”). The notes will qualify as Macro’s Tier II Regulatory Capital. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended.
Macro is one of the leading private banks in Argentina, ranking first in terms of branches and equity and third in terms of total loans and total deposits as of March 31, 2016. An extensive branch network allows Macro to provide banking services and products to customers throughout the entire Argentine territory.
The Simpson Thacher team for the debt offering included Juan Francisco Méndez, Kirsten L. Davis and International Associate Francisco Zappa (Capital Markets); and Jonathan Cantor and Taylor Weinstein (Tax).