Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the seventh issuance under the Trust Securities Programme “Mas Cuotas II” worth US$250 million on which Cencosud S.A. acted as Trustor and TMF Trust Company (Argentina) acted as Trustee and issuer of the deal.
Banco de Galicia y Buenos Aires S.A.U and SBS Trading S.A. were the placement agents in the transaction, which closed on June 12, 2019. Cencosud issued the trust securities in three classes and participation certificates worth a total of ARG $472,655,542 (U$S 10,564,495)
The Trust Programme securitizes credit cards receivables issued by Cencosud, who operates several shopping centers and supermarkets in Argentina.
Deal Counsel
Pérez Alati, Grondona, Benites & Arntsen
Partner María Gabriela Grigioni and associates Tomás Rago and Nahuel Perez de Villarreal.
Counsel to Cencosud
In-house - Javier Luzzi
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