On November 26, 2025, Tarjeta Naranja S.A.U. (“Tarjeta Naranja” or the “Issuer”) issued its Class LXVI Notes in two series, simple, non-convertible, unsecured notes, under the Frequent Issuer Regime. Series I was issued for ARS 81,764,468,679 and Series II for US$90,094,898 (together, the “Notes”).
Series I, denominated, subscribed and payable in Argentine Pesos, matures on November 30, 2026, and will accrue interest at a floating rate equivalent to the Private TAMAR rate plus a margin set at 4.50% per annum, payable quarterly. Principal will be amortized in a single payment at maturity.
Series II, denominated and subscribed in U.S. Dollars in Argentina and/or in kind through the exchange of Class LXIII Notes, and payable in U.S. Dollars in Argentina, maturing on August 31, 2026. It will accrue interest at a fixed rate of 6.50% per annum, payable quarterly. Principal will be amortized in a single payment at maturity.
The Noteswere rated “A1+(arg)” by FIX SCR S.A., Agente de Calificación de Riesgo (an affiliate of Fitch Ratings) on November 18, 2025. In addition, the Notes were admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading on A3 Mercados S.A.
In connection with the issuance of the Notes, Banco de Galicia y Buenos Aires S.A. acted as organizer and placement agent, while Banco Patagonia S.A., Banco Santander Argentina S.A., Banco Comafi S.A., Balanz Capital Valores S.A.U., Macro Securities S.A.U., and Nuevo Banco de Santa Fe S.A. acted as placement agents.
Counsel to the placement agents
Pérez Alati, Grondona, Benites & Arntsen: team led by Diego Serrano Redonnet, with participation by Nicolás Aberastury, Juan Ignacio Rodriguez Goñi, Tamara Friedenberger, Catalina Hermida Pini and Juan Hernán Bertoni.
