Argentina's Otamerica raises $80M in dollar notes for oil-services buildout
What's the deal? OtamericaDealroom has a profile for this one. Try Dealroom →, an Argentine hydrocarbon-services company, has raised $80 million through an issuance of Series VII Notes under its Global Notes Program. The notes carry a 6.25% rate, are denominated and payable in US dollars in Argentina, and mature on September 25, 2030.
Who's involved? Banco de Galicia y Buenos Aires acted as arranger and placement agent, leading a group of 18 additional placement agents including Banco Santander ArgentinaDealroom has a profile for this one. Try Dealroom →, Balanz Capital ValoresDealroom has a profile for this one. Try Dealroom →, Banco PatagoniaDealroom has a profile for this one. Try Dealroom →, and Banco SupervielleDealroom has a profile for this one. Try Dealroom →. TCA Tanoira CassagneDealroom has a profile for this one. Try Dealroom → advised Otamerica, while Bruchou & Funes de Rioja advised the placement agents.
What does it do? Otamerica provides hydrocarbon services in Argentina, including the reception, storage, and pumping of crude oil.
Why it stands out: At $80 million, the raise sits toward the larger end of debt issuances tracked in its category, placing it around the top 10% by size.
The signal: Dollar-denominated notes payable inside Argentina point to continued investor appetite for the country's energy infrastructure, with a broad syndicate of local banks and brokers underwriting exposure to crude-oil logistics.
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