Bomchil and Martínez de Hoz & Rueda advise on ARS 320 billion syndicated loan to EDESUR

Bomchil and Martínez de Hoz & Rueda advised on a new ARS 320 billion syndicated loan granted to Empresa Distribuidora Sur S.A. (EDESUR), the concessionaire responsible for the distribution and commercialization of electricity in the southern area of the City of Buenos Aires and 12 municipalities in the Province of Buenos Aires.

Bomchil advised EDESUR, while Martínez de Hoz & Rueda advised Banco Santander Argentina S.A. and Industrial and Commercial Bank of China (Argentina) S.A.U. (ICBC Argentina) as arrangers and lenders; Banco BBVA Argentina S.A., Banco de Galicia y Buenos Aires S.A. and Banco de Valores S.A. as lenders; ICBC Argentina as administrative agent; and TMF Trust Company (Argentina) S.A. as trustee.

Security and use of proceeds

The loan is secured through a fiduciary assignment in favor of the trustee, for the benefit of the lenders, over 30% of EDESUR’s present and future revenues arising from the provision of electricity distribution services to customers.

The proceeds will be used by EDESUR for investments in physical assets and capital goods and/or working capital.

The loan was disbursed on September 17, 2026.

Legal teams

EDESUR’s in-house legal team included Mónica Diskin, from Enel Argentina, and Hernán Alberto Rey, from EDESUR.

The Bomchil team included partner María Victoria Tuculet and associates Juan María Luchetti and Ignacio Broglia.

The Santander Argentina in-house team included Lucía Vidaña, Ezequiel Guerrero and Mauro Della Bianca.

The ICBC Argentina team included Tomás Koch, Sonia Lanutti and Juan Cruz González Groppo.

BBVA Argentina was represented by Santiago Mateo Zárate and Sofia Solange Macia, while Banco Galicia was represented by Fiorella Paola Ascenso Sanabria.

The Martínez de Hoz & Rueda team included partner José Martínez de Hoz (nieto) and associates Sofía Gallo and Luisina Luchini.

Key facts

• EDESUR obtained an ARS 320 billion syndicated loan.

• Bomchil advised EDESUR.

• Martínez de Hoz & Rueda advised the participating banks and the trustee.

• Santander Argentina and ICBC Argentina acted as arrangers and lenders.

• The loan is secured by a fiduciary assignment over 30% of EDESUR’s present and future revenues from electricity distribution services.

• The proceeds will be used for investments in physical assets and capital goods and/or working capital.

• The loan was disbursed on September 17, 2026.