TCA Tanoira Cassagne advised Credicuotas Consumo S.A., as issuer (“Credicuotas”), and Pérez Alati, Grondona, Benites & Arntsen advised Banco Industrial S.A. e Industrial Valores S.A., as co-arrangers (jointly, the “Co-arrangers”), and Banco Comafi S.A., Banco Patagonia S.A., Banco de Servicios y Transacciones S.A., Banco Supervielle S.A., Industrial Valores S.A., Nuevo Banco de Santa Fe S.A., Banco Hipotecario S.A, Banco Santander Argentina S.A. and Banco de Valores S.A. as placement agents (collectively, the “Placement Agents”), in the issuance of series VIII notes for a nominal amount of ARS 6,591,500,000 (the “Series VIII Notes”).
The Series VIII Notes were issued on June 12th, 2024, under Credicuotas’ Global Program for the Issuance of Notes for up to a nominal amount of US$ 100,000,000 (or its equivalent in other currencies), are denominated in pesos, maturing on June 12th, 2025, with a floating interest rate equivalent to the BADLAR plus a margin of 8%.
Credicuotas will apply the net cash proceeds of the Series VIII Notes for capital expenditures considering that the purpose of the activity of Credicuotas is the creation, commercialization, and operation of credit and/or debit card systems and the granting of microcredits and/or loans to individuals and/or legal entities.
Legal Counsel to the Arrangers and Placement Agents: Pérez Alati, Grondona, Benites & Arntsen: Partner Diego Serrano Redonnet, counselor Alejo Muñoz de Toro and associates Juan Ignacio Rodriguez Goñi and Tamara Friedenberger.
