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 October 11th. Cencosud issued the trust debt securities in two classes worth a total of ARS $1.978.300.828 (U$S 13,260,277.14).
The trust programme Más Cuotas II consists of physical and digital credit card receivables issued by Cencosud, who operates several shopping centers and supermarkets in Argentina. This is the first issuance under this Programme in which digital credits of Cencosud are securitized.
Deal Counsel
Pérez Alati, Grondona, Benites & Arntsen.
Partner María Gabriela Grigioni; Associates Nahuel Perez de Villarreal, Jerónimo Juan Argonz and María Sol Martínez.
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.
