TCA (Tanoira Cassagne) advised Gestión Inmobiliaria del Norte S.A. as issuer, Banco Comafi S.A., Banco Supervielle S.A., Banco de Galicia y Buenos Aires S.A.U. and Investment Managers as organizers, placement agents and guarantee entities, Comafi Bursátil S.A. and Supervielle Agente de Negociación S.A.U. as sub-placement agent, while Pérez Alati, Grondona, Benites & Artnsen (PAGBAM) advised Banco Santander Argentina S.A. as organizer, placement agent and guarantee entity, in the company’s first issuance under the public offering regime of the following Negotiable Obligations: (i) Serie I Class 1 Notes for a nominal value of $93,333,332 denominated, integrated and payable in pesos, due on February 11, 2025 with a variable annual nominal interest rate equivalent to the Badlar Rate plus a margin of 0,00% (the “Notes Serie I Class 1”); and (ii) Serie I Class 2 Notes for a nominal value of US$3,065,801 denominated in Dollars, to be subscribed and paid in pesos due on February 11, 2025 with a fixed rate of 0,00%, and an over-subscription of 60 times the amount issued (the “Notes Serie I Class 2” and with the Notes Serie I Class 1 the “Notes”). The Notes were issued on August 11, 2022
The Notes are guaranteed by Banco Comafi S.A., Banco Supervielle S.A., Banco de Galicia y Buenos Aires S.A.U. and Banco Santander Argentina S.A. as Guarantee Entities authorized by the National Securities Commission (CNV for its acronym in Spanish).
Gestión Inmobiliaria del Norte S.A. is an argentinian company, whose main activity is, specifically, the production of sugar and sugar cane alcohol.
Legal Advisors to the issuer, Banco Comafi S.A., Banco Supervielle S.A. and Banco de Galicia y Buenos Aires S.A.U. and Investment Managers S.A.: Tanoira Cassagne Abogados through its team of partners Alexia Rosenthal and Jaime Uranga; and associates: Ignacio Criado Díaz, Mariana Troncoso, Carolina Mercero and Agustín Astudillo.
Legal Advisors to Banco Santander Argentina S.A.: Pérez Alati, Grondona, Benites & Arntsen through its team of partner Diego Serrano Redonnet and Associates Nicolás Aberastury, Adriana Tucci and Joaquín López Matheu.
