Pérez Alati, Grondona, Benites & Arntsen advised: (i) CFA Compañía Fiduciaria Americana S.A. in its capacity as trustee and trust issuer; (ii) Fullcredit S.A. in its capacity as grantor, administrator, and collection agent (“Fullcredit”); (iii) ARG Capital S.A. in its capacity as arranger; (iv) Adcap Securities Argentina S.A. in its capacity as underwriter; and (v) Veta Capital S.A. in its capacity as co-underwriter agent; in the issuance of the second Series of trust securities denominated “Fullcredit II Class A, B and C” for a total amount placed of AR$ 691,258,143 (Argentine Pesos six hundred and ninety one million two hundred and fifty eight thousand one hundred and forty three) (the “Trust Securities”).
Fullcredit is a company with extensive experience in the management and granting of personal loans, registered in the Register of Non-Financial Credit Providers of the Argentine Central Bank under number 55,355.
The public offering of the Trust Securities, issued on November 7, 2024, was authorised by the National Securities Commission on October 29, 2024, and the Trust Securities represent present and future credits derived from personal loans granted by Fullcredit. The Trust Securities were rated by Professional Rating Services ACR S.A., receiving the following ratings: Class A: “AAAfe (arg)INI”; Class B: “Afe(arg)INI” and Class C: “Bfe(arg)INI”.
Transaction legal advisors
Pérez Alati, Grondona, Benites & Arntsen
Partner María Gabriela Grigioni and associates Nahuel Perez de Villarreal, Marcos Vieito and Joaquín López Matheu.
