News

6 December 2021

Issuance of the “Cuotas Cencosud Serie XIX” under the trust securities programme from Cencosud “Más Cuotas II”

Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the eighteen issuance under the trust securities programme “Más 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, SBS Trading S.A. and Banco Patagonia S.A. were the placement agents in the transaction, which closed on November 18th. Cencosud issued the trust debt securities in three classes worth a total of ARS $1,383,515,441 (U$S 13,779,114.75).

The trust programme Más Cuotas II consists of 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; Associates Nahuel Perez de Villarreal and Francisco Vignati Otamendi, and Paralegal Jerónimo Juan Argonz.

Counsel to Cencosud

In-house - Javier Luzzi.

Counsel to TMF Trust Company (Argentina) S.A.

In house- Luis Vernet, Felipe Coudjmedjian and Melina Lozano.

Counsel to Banco de Galicia y Buenos Aires S.A.U

In- house- Fernán Pereyra de Olazabal.

Practices

Authors

Grigioni, María Gabriela

Perez de Villarreal, Nahuel

Article published in:

AUNO Abogados

Abogados.com.ar

Latin Counsel

Global Legal Chronicle

Abogados in-house

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