Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the twenty eighth 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 April 28th. Cencosud issued the trust debt securities in two classes worth a total of ARS $2,412,141,399 (U$S 10,834,626,51).
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.
Pérez Alati, Grondona, Benites & Arntsen
Partner María Gabriela Grigioni; Associates Nahuel Perez de Villarreal, María Sol Martínez,
Martina Mastandrea; and paralegal Violeta Okretic.
Counsel to Cencosud
In-house - Javier Luzzi.
Counsel to TMF Trust Company (Argentina) S.A.
In house- Leonardo Pirolo and Tomás Bruno.
Counsel to Banco de Galicia y Buenos Aires S.A.U
In- house- Enrique Cullen.