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Banco Macro advised MetroGAS during its debt restructuring process


Banco Macro advised MetroGAS during its debt restructuring process

MetroGAS had its reorganization plan for debt restructuring accepted with Banco Macro’s financial advice


Buenos Aires, September 7th, 2012. Banco Macro S.A. acted as a financial advisor to MetroGAS S.A. and its holding company Gas Argentino S.A. (GASA) and thus cooperated with both companies so that they could successfully come to the end of the debt restructuring process they were involved in within the framework of their respective reorganization proceedings.

MetroGAS had its reorganization plan for the restructuring of a debt equal to over USD 270 million accepted by its creditors.

On June 18th, 2012, the meeting of holders of corporate bonds issued by MetroGAS was held and those present unanimously accepted the terms and conditions of the reorganization plan. Later, on August 21st, 2012, the existence of agreement in respect of such plan was declared.

MetroGAS’s reorganization plan for debt restructuring includes a 46.8% nominal reduction and an extension, and consists in the issuance of two classes of corporate bonds.

As regards GASA, its reorganization plan for debt restructuring involved a debt equal to over USD 100 million and was accepted by its creditors on August 7th, 2012.

GASA’s reorganization plan for debt restructuring includes a 61.4% nominal reduction, an extension and an interest deferral option during the first years, and consists in the issuance of two classes of corporate bonds.

The reorganization procedural requirements having been met, both companies’ reorganization plans received court confirmation so as to proceed to the issuance of the new corporate bonds.

Banco Macro thanks everyone who participated in this process involving the provision of financial advice and the restructuring of two important companies’ debt for their trust and cooperation.

Milagro Medrano
Gerente de Relaciones Institucionales


IR Contact

Phone: (5411) 5222 6682
E-mail: investorelations@macro.com.ar

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