Tanoira Cassagne Abogados advises on a the issuance ofNotes by Terragenes
Tanoira Cassagne Abogados once again advised Terragene S.A., a company which main activity is the research, development and manufacture of biological and chemical indicators for the control of sterilization, washing, thermal disinfection and hygiene processes, as issuer, and Banco Itaú Argentina S.A. as arranger and Itaú Valores S.A. and Banco Supervielle S.A. in the role of placement agents, in the issuance of its PyMEs CNV Guarantee Notes Class II for an aggregate amount of $200,000,000 (the “Notes”).
The Notes were issued on August 31, 2021 and had two series. The “Series I” for a nominal amount of $100,000,000, denominated, integrated and payable in pesos, maturing on August 31, 2023, with a variable annual nominal interest rate equivalent to the BADLAR rate plus a margin of 2.96%. The “Series 2” for a nominal amount of US$ 1,026,231; denominated in dollars, to be subscribed and paid in pesos at the applicable exchange rate (dollar linked) at a fixed rate of 1.80%, maturing on August 31, 2023.
The Notes are guaranteed by Banco Itaú Argentina S.A. and Banco Supervielle S.A.as Guarantee Entities authorized by the National Securities Commission (CNV).
Legal Advisors to the Transaction: Tanoira Cassagne Abogados through its team led by partners Alexia Rosenthal and Jaime Uranga; and associates: Juan Sanguinetti, Mariana Troncoso and Pilar María Domínguez Pose.