Laboratorios Richmond’s $7.57 Million Bonds Offering


Nicholson y Cano Abogados represented Laboratorios Richmond SACIF and Zofingen Securities S.A. in the offering.

Laboratorios Richmond SACIF issued a bond offering of US$7.573.823, placed at a rate of 5% plus royalties (participation in sales of certain medical specialties), for a term of 10 years.

Zofingen Securities S.A. acted as underwriter in the offering.

Laboratorios Richmond will use the proceeds of the offering to complete the construction, equipment and commissioning of a plant of High Power Oral Solid Products Pilar, Province of Buenos Aires, and to develop Biosimilar Products.

Laboratorios Richmond S.A.C.I.F. develops and manufactures pharmaceutical products for physicians, pharmacists, health institutions, and patients in Argentina and internationally. The company, led by Juan Manuel Artola, specializes in the production of high cost and prescription products.

Nicholson y Cano Abogados team included partner Mario O. Kenny (Picture), and senior associate Juan Martín Ferreiro.

Involved fees earner: Juan Martín Ferreiro – Nicholson & Cano Abogados; Mario Kenny – Nicholson & Cano Abogados;

Law Firms: Nicholson & Cano Abogados;

Clients: Laboratorios Richmond S.A.C.I.F.; Zofingen Securities S.A.;

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Author: Ambrogio Visconti.