Shearman And Sterling

News June 10, 2016

Shearman & Sterling Advises the Province of Córdoba on Its $725 Million Notes Offering and Concurrent Tender Offer

Shearman & Sterling represented the Province of Córdoba, a Province of Argentina, in connection with the issuance of US$725 million aggregate principal amount of its 7.125% notes due 2021. J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as joint book-running managers in the notes offering, and Banco de la Provincia de Córdoba S.A. and Puente Hnos. S.A. acted as local co-managers.

Shearman & Sterling also represented the Province of Córdoba in connection with its tender offer to purchase for cash up to US$200 million aggregate principal amount of its existing 12.375% notes due 2017. J.P Morgan Securities LLC and Morgan Stanley & Co. LLC acted as the dealer managers for the tender offer.

The Shearman & Sterling team included partner Antonia Stolper (New York–Capital Markets); associates Kevin Younai (New York–Capital Markets), Carla Russo (London–Capital Markets), Jeffrey Tate (Washington, D.C.–Tax) and Michael Daly (Washington, D.C.–Tax); international associate Maria Paula Souza (New York–Capital Markets); and visiting attorney Lili Abascal (New York–Capital Markets).

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