Buenos Aires, February 10, 2022. On January 31, Tarjeta Naranja S.A. issued Class LI notes, simple, non-convertible into shares, payable in Pesos, carried out in two series, for a total nominal amount of AR$6,000,000,000 (the “Notes”). The issuance of the Notes was made under the company’s Global Program of up to US$1,000,000,000.
The Series I Notes were issued for a nominal amount of AR$2,715,057,778 and will mature on January 31, 2023. They will accrue interest at a variable rate, equivalent to the private Badlar rate plus a cut-off margin of 3.99%, and will amortize their principal in one payment on the due date.
The Series II Notes were issued for a nominal amount of AR$3,284,942,222 and will mature on January 31, 2024. They will accrue interest at a variable rate, equivalent to the private Badlar rate plus a cut-off margin of 6.00% and will amortize their principal in one payment on the due date.
The Serie I Notes have been locally rated “A1(arg)” and the Serie II Notes have been locally rated “AA-(arg)”, accordingly to the FIX SCR S.A. Agente De Calificación De Riesgo (affiliate of Fitch Ratings) report issued on January 26, 2022. In addition, the Notes were admitted for listing in Bolsas y Mercados Argentinos S.A. and authorized for trading in the Mercado Abierto Electrónico S.A.
In this issuance, Banco de Galicia y Buenos Aires S.A.U. acted as organizer and placement agent, while Banco Comafi S.A., Banco Patagonia S.A., Banco Santander Rio S.A., Industrial Valores S.A. and Macro Securities S.A. acted as placement agents (the “Placement Agents”). Tarjeta Naranja and Galicia y Buenos Aires S.A.U. were advised by the team of Beccar Varela led by Luciana Denegri with the participation of María Victoria Pavani, María Inés Cappelletti and Julián Ojeda. The Placement Agents were advised by the team of Pérez Alati, Grondona, Benites & Arnsten led by Diego Serrano Redonnet with the participation of Alejo Muñoz de Toro, Adriana Tucci and Joaquín López Matheu.
