On August 13, Tarjeta Naranja S.A. (“Tarjeta Naranja“) issued Class XLIX Notes simple, non-convertible into shares, unguaranteed and payable in Pesos, carried out in two series, for a total nominal amount of AR$3.958.500.000. The issuance was made under the company’s Global Program of up to US$1,000,000,000.
The Series I Class XLIX Notes were issued for a nominal amount of AR$ 2,712,000,000. Series I, maturing on August 13, 2022, will accrue interest at a floating rate, equivalent to the private Badlar rate plus a cut-off margin of 5.50% and will amortize its principal in one payment on the maturing date of the same.
On their behalf, Series II Class XLIX Notes were issued for a nominal amount of AR$ 1,246,500,000 and will mature on August 13, 2023. This Serie will accrue interest at a floating rate, equivalent to the private Badlar rate plus a cut-off margin of 7.24% and will amortize its principal in a single payment on the maturing date.
The Class XLIX Series I and Series II Notes have been locally rated “A1(arg)” and “AA-(arg)”, respectively, by FIX SCR S.A. on August 10. In addition, they were admitted for listing in Bolsas y Mercados Argentinos S.A. and authorized for trading in the Mercado Abierto Electrónico S.A.
In the issuance of the Series VI Notes, Banco de Galicia y Buenos Aires S.A.U. acted as organizer and placement agent, while Banco Patagonia S.A., Banco Santander Rio S.A. and Macro Securities S.A. acted as placement agents. Tarjeta Naranja and Banco Galicia were advised by the team of Beccar Varela led by Luciana Denegri with the participation of María Victoria Pavani, María Inés Cappelletti and Julián Ojeda. Banco Patagonia, Banco Santander Río y Macro Securities were advised by the team of Pérez Alati, Grondona, Benites & Arnsten (PAGBAM) led by Diego Serrano Redonnet with the participation of Nicolás Aberastury and Adriana Tucci.
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