Greenberg Traurig advised ACI Airport Sudamerica, SA in a liability management transaction and a new bond offering


Global law firm Greenberg Traurig, LLP., Advised ACI Airport Sudamerica, SA, which through subsidiaries operates Carrasco International Airport near Montevideo, Uruguay, on an offer bond exchange and a concurrent offering of new notes totaling $ 246 million.

NEW YORK (PRWEB) November 18, 2021

Global law firm Greenberg Traurig, LLP advised ACI Airport Sudamerica, SA, which, through subsidiaries, operates Carrasco International Airport near Montevideo, Uruguay, in an offer to bond exchange and a concurrent offering of new notes totaling $ 246 million.

The transaction consisted of an exchange offer for the Company’s 6.875% Senior Secured Notes Series 2015, due 2032, and its 6.875% Cash / 7.875% PIK Series 2020 Notes, due 2032, for new senior notes guaranteed at 6.875%. Notes, due 2034, and a $ 53 million offer of the same notes for cash to two institutional investors. The new banknotes are guaranteed by Cerealsur SA, the direct parent company of the company.

The transaction came after the Uruguayan government granted a 20-year extension to the current ACI airport concession to operate Montevideo airport and added six more airports to the company’s concession contract in exchange for a additional investment commitment of $ 67 million.

The company and its parent company Cerealsur are units of Corporación América Airports SA, a NYSE listed company and the largest private sector airport concession operator in the world based on the number of airports under management. The parent company operates a total of 52 airports in seven countries in Latin America and Europe.

The Greenberg Traurig team on this transaction was led by New York-based shareholders Marc M. Rossell, member of the firm’s Corporate division and co-president of the Latin America division, and Oscar Stephens, which is also part of corporate and Latin American practices. Other team members included a foreign legal consultant Santos González Victorica and partner in corporate practice David stuzin, both in Miami; and shareholder in tax practice Erez Tucner and Tax Associate Mirae Park, both in New York.

About Greenberg Traurig: Greenberg Traurig, LLP (GT) has approximately 2,300 lawyers at 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 ranked among the largest US firms on Law360 400 and among the Top 25 on Am Law Global 100. The firm is carbon neutral net in terms of office energy consumption and Mansfield Rule 4.0 Plus certified. The Web:

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