Shearman & Sterling represented Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC as initial purchasers, and Banco de Galicia y Buenos Aires S.A., Banco Macro S.A. and Puente Hermanos S.A. as co-managers, in connection with the issuance by the Province of Neuquén, a Province of Argentina, of US$235 million principal amount of 8.625% secured notes due 2028 under the Province’s Public Debt Cancellation Bond Program (“Programa de Títulos de Cancelación de Deuda Pública”).

Shearman & Sterling also represented Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC as dealer managers, and Banco de Galicia y Buenos Aires S.A., Banco Macro S.A. and Puente Hermanos S.A. as local dealer managers, in connection with the Province of Neuquén’s concurrent exchange offer to holders of its outstanding U.S. dollar-denominated 7.875% secured notes due 2021, to exchange any and all of such existing notes for its 8.625% secured notes due 2028 pursuant to which an aggregate principal amount of approximately US$113.7 million of additional notes were issued.

The Team