Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the sixthteen 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 and SBS Trading S.A. were the placement agents in the transaction, which closed on June 30th. Cencosud issued the debt securities in three classes worth a total of ARS $928.711.753 (U$S 9,400,868.03).
The trust programme Más Cuotas II consists of credit cards receivables issued by Cencosud, who operates several shopping centers and supermarkets in Argentina.
Pérez Alati, Grondona, Benites & Arntsen.
Partner María Gabriela Grigioni and associates Nahuel Perez de Villarreal, Pablo Vidal Raffo 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.