Linklaters advises Argentina’s largest dairy company on momentous debt refinancing

Linklaters has advised Mastellone Hermanos S.A. (“Mastellone”) on the exchange offer relating to its 12.625% Series F Notes due 2021 (“Existing Notes”) for newly issued 10.95% Senior Secured Notes 2026 (“New Notes”), plus certain cash consideration. An aggregate principal amount of US$164.2 million, representing 82.25% of the aggregate principal amount of Existing Notes, were tendered in the exchange offer, and an aggregate principal amount of US$110.9 million of New Notes were issued.
 
Mastellone is the largest dairy company and the leading producer of fresh dairy products in Argentina.

The Linklaters team was led by partner Conrado Tenaglia and counsel Alejandro Gordano alongside counsel Matthew Brigham (Tax), associates Emma Cano and Vasudha Anil Kumar (Tax), and foreign attorney Juan Mata.