Greenberg Traurig Advises Aeropuertos Argentina 2000 on Liability Management Transaction and New Bond Offerings

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Global law firm Greenberg Traurig, LLP advised Aeropuertos Argentina 2000 S.A., the concessionaire responsible for operations at of Argentina’s 35 airports, on its recent exchange offer and consent solicitation as well as the issuance of two series of notes in two concurrent debt offering totaling $126 million.

Global law firm Greenberg Traurig, LLP advised Aeropuertos Argentina 2000 S.A., the concessionaire responsible for operations at of Argentina’s 35 airports, on its recent exchange offer and consent solicitation as well as the issuance of two series of notes in two concurrent debt offering totaling $126 million.

As part of this transaction, AA2000 exchanged two series of senior secured notes due in 2027, valued at approximately $209 million, for a new issue of 8.5% notes due in 2031. The company also raised $126 million in new financing through two offerings: $64 million in additional 8.5% notes due in 2031 and $62 million in new 9.5% senior secured notes due in 2028. The company said in a press release that this financing package strengthens its liquidity, achieving a sustainable debt profile.

AA2000 is a subsidiary of Corporación América Airports S.A., a NYSE-listed company and the world’s largest private sector airport concession operator based on the number of airports under management. The parent company manages a total of 52 airports in seven countries across Latin America and Europe.

“This complex series of transactions had to be implemented quickly, involved many stakeholders, and required regulatory approvals in Argentina”, said Shareholder Marc M. Rossell, a member of Greenberg Traurig’s Corporate Practice and co-chair of the firm’s Latin America Practice. “The strength of our firm’s global platform allowed us to complete all the requirements of this transaction in a timely manner and allowed our client to achieve its objectives.”

Rossell led the Greenberg Traurig team that worked on this transaction, which also included Corporate Shareholder Drew M. Altman in Miami, Of Counsel Godric Shoesmith in New York, Foreign Legal Consultant Santos Gonzalez Victorica in Miami, Associates Win Rutherfurd and Macy Nix both in Miami; and Tax Practice Shareholder Erez Tucner and Associate Mirae Park, both in New York.

About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2,300 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 25 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 4.0 Plus Certified. Web: http://www.gtlaw.com

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