News

10 June 2024

PAGBAM advised in the issuance of the “Cuotas Cencosud Serie XXXIII” under the trust securities Programme from Cencosud “Más Cuotas II”

Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the thirty second 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 6th. Cencosud issued the trust debt securities in two classes worth a total of ARS $6.531.848.778  (U$S 7,365,110.91).

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. 

Deal Counsel

Pérez Alati, Grondona, Benites & Arntsen

Partner María Gabriela Grigioni; Associates Nahuel Perez de Villarreal, María Sol Martínez; and paralegal Violeta Okretic

Counsel to Cencosud

In-house - Magdalena Pologna and Gilda Strk

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

Practices

Authors

Grigioni, María Gabriela

Perez de Villarreal, Nahuel

Martínez, María Sol

Article published in:

Abogados.com.ar

AUNO Abogados

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