Tanoira Cassagne Abogados advises on the first issuance of the Class I Guaranteed Notes of Desdelsur S.A.
Tanoira Cassagne Abogados advised Desdelsur SA, as issuer and Banco Comafi SA, as organizer and placement agent, in the first issuance of the company under the public offering regime through the issuance of the US$ 3,646,653 Dollar-Linked Guaranteed Class I Notes(the “Notes”), , due on June 17, 2023. The Notes were issued on December 17, 2020.
The Notes are fully guaranteed by Banco Comafi S.A. as Guarantee Entity authorized by the National Securities and Exchange Commission (CNV for its acronym in Spanish).
Desdelsur S.A. is an agro-industrial company, of Argentine origin, whose main activity is the elaboration of food products. It is the main producer, processor and exporter of legumes in Argentina, with 10% of the market share at national level and is the largest producer of heavy steers for export in Northwest Argentina, with the main destination of the 481st quota of the European Economic Community (CEE).
Legal Advisors of the Transaction: Tanoira Cassagne Abogados through a team led by Partners Alexia Rosenthal and Jaime Uranga; and Associates: Ignacio Criado Díaz and Mariana Troncoso.
In-house counsel to Banco Comafi S.A.: Alberto Nougues.
In-house counsel to Desdelsur S.A.: Estudio Freytes & Asociados