Errecondo González and Tanoira Cassagne in Mercedes-Benz offering

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Errecondo González and Tanoira Cassagne in Mercedes-Benz offering

Monday, 9 November 2015(4 hours ago)by Thomas Muskett-Ford

German car company Mercedes-Benz has retainedErrecondo González y Funesto issue notes in two tranches worth a combined US$15.7 million.

Tanoira Cassagne Abogados advised the placement agents for the transaction, which closed on 29 October. The peso-denominated notes were issued in two batches, worth US$15.2 million and US$500,000, respectively. Mercedes-Benz will use the offering’s proceeds to grant consumer loans for the acquisition of its vehicles.

Counsel to Mercedes-Benz Compañía Financiera Argentina

Errecondo González y Funes

Partner Carolina Curzi and associates María Constanza Martella and Delfina Lynch

Counsel to Banco de Galicia y Buenos Aires and Banco Itaú Argentina

Tanoira Cassagne Abogados

Partner Alexia Rosenthal and associates Rocío Carrica and Ignacio Nantes