Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the seventeenth 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. y Banco Patagonia S.A. were the placement agents in the transaction, which closed on August 24th. Cencosud issued the debt securities in three classes worth a total of ARS $962,678,947 (U$S 9,882,580.29).
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; Associates Nahuel Perez de Villarreal and Juan Francisco Vignati Otamendi, 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.