Beccar Varela advised Tarjeta Naranja S.A. on Class XLV notes issuance, worth AR$3.057.000.000, carried out under the company’s Global Program of up to US$1,000 million. In this issuance, Tarjeta Naranja acted as issuer, Banco de Galicia y Buenos Aires S.A.U. as the organizer and placement agent and Banco Patagonia S.A. and Banco Santander Río S.A. as placement agents, who were advised by Pérez Alati, Grondona, Benites & Arntsen (PAGBAM).
Class XLV notes issuance took place on December 18, 2020. They will accrue interest at a floating rate, equivalent to Private Badlar rate plus cut off margin of 5%. Their maturity date will be on December 18, 2021.
On December 15, 2020, FIX SCR S.A. locally rated Class XLV notes as “A1(arg)”. The Notes are listed and traded at Mercado Abierto Electrónico S.A. and Bolsas y Mercados Argentinos S.A. These notes are eligible by Euroclear Bank S.A./N.V.
Counsel to placement agents
Pérez Alati, Grondona, Benites & Arntsen (PAGBAM): partner Diego Serrano Redonnet and associates Nicolás Aberastury, Guido Meirovich and Pablo Vidal Raffo.
Read article published in Abogados.com.ar