On August 28, 2025, Tarjeta Naranja S.A.U. ("Tarjeta Naranja") issued its Class LXV simple, non-convertible, unsecured notes, in two series, under the Frequent Issuer Regime established in Section VIII, Chapter V, Title II of the Rules of the Argentine Securities Commission (“CNV”).
The class LXV series I notes were issued for a nominal value of AR$59,967,719,416, denominated, subscribed and payable in Argentine Pesos. They will accrue interest at a variable rate, based on the Private TAMAR rate plus a 9% annual nominal margin, payable quarterly. Principal will be repaid in a single payment at maturity, scheduled for May 28, 2026 (the “Series I Notes”).
The class LXV series II notes were issued for a nominal value of US$95,711,263, denominated, subscribed in U.S. Dollars and/or in kind, and payable in U.S. Dollars in Argentina. They will accrue interest at a fixed annual nominal rate of 7.40%, payable quarterly. Principal will be amortized in a single payment at maturity, scheduled for May 28, 2026 (the “Series II Notes” and, together with the Series I Notes, the “Notes”).
The Notes were locally rated as “A1+(arg)” by FIX SCR S.A., a credit rating agency affiliated with Fitch Ratings. In addition, the Notes were listed on Bolsas y Mercados Argentinos S.A. and authorized for trading on A3 Mercados S.A.
Banco de Galicia y Buenos Aires S.A. acted as organizer and placement agent, while Banco Patagonia S.A., Banco Santander Argentina 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 (the “Placement Agents”).
Advisors to the Placement Agents: Pérez Alati, Grondona, Benites & Arntsen, with a team led by Diego Serrano Redonnet, assisted by Nicolás Aberastury, Juan Ignacio Rodriguez Goñi, Tamara Friedenberger and Catalina Hermida Pini.
