EGFA advised Toyota Compañía Financiera de Argentina (the “Company”) in the issuance of the Series No. 30 Notes (the “Notes”) under its Arg.$ 6,000,000,000 (or its equivalent in other currencies and/or units of value and/or measurement) Global Notes Program.
Perez Alati, Grondona, Benites & Arntsen advised Banco Santander Rio S.A., Banco BBVA Argentina S.A. and Banco Patagonia S.A., as local placement agents of the Notes.
On November 17, 2021, the Notes were successfully issued in the aggregate amount of Arg.$ 1,200,000,000 (u$s 11,963,117.71), maturing on August 17, 2023, at a variable interest rate equivalent to the “BADLAR Privada” reference rate published by the Argentine Central Bank, plus 340bps and will be amortized in three payments, on February 17, 2023 (for the 33.3% of the capital), on August 17, 2023 (for the 33.3% of the capital) and on November 17, 2023 (for the remaining 33.34% of the principal). Likewise, the Notes will pay quarterly interest, on February 17, 2022, May 17, 2022, August 17, 2022, November 17, 2022, February 17, 2023, May 17, 2023 and August 17, 2023. The Company will use the proceeds for granting short-term loans to the Toyota dealer network in Argentina.
Toyota Compañía Financiera de Argentina is the financial company of Toyota Argentina S.A. whose purpose is to finance the acquisition of the vehicles sold by such company.
Legal advisors for Toyota Compañía Financiera Argentina
EGFA Abogados: Partner Carolina Curzi and associates, Maria Constanza Martella and Ona Dimnik
Legal advisors for Banco Santander Rio, Banco BBVA Argentina S.A. and Banco Patagonia S.A.
Pérez Alati, Grondona, Benites & Arntsen: Partner María Gabriela Grigioni and Associates Nahuel Perez de Villarreal and Francisco Vignati Otamendi.