News

7 July 2022

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

Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the twenty third 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 June 30th. Cencosud issued the trust debt securities in three classes worth a total of ARS $2,306,739,693 (U$S 18,447,276.52).

The trust programme Más Cuotas II consists of credit card 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, Jerónimo Juan Argonz and Francisco Vignati Otamendi.

Counsel to Cencosud

In-house – Javier Luzzi.

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

In house- Luis Vernet and Felipe Coudjmedjian.

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: 

Iberian Lawyer

Latin Counsel

Abogados.com.ar

AUNO Abogados

Global Legal Chronicle

Líder Legal

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