Tanoira Cassagne Abogados advises on the first issuance of the Guaranteed CNV Notes of CIRUGÍA ALEMANA INSUMOS MÉDICOS S.A.
Tanoira Cassagne Abogados advised Cirugía Alemana Insumos Médicos S.A. (the “Company”) as issuer, Banco Itaú Argentina S.A. and Banco Supervielle S.A., as arrangers and placements agent, and Itaú Valores S.A. as placement agent in the issuance of PyMEs CNV Guaranteed Class 1 Notes for an aggregate amount of $ 300,000,000 (the “Notes”), denominated and to be paid in pesos, due on November 9, 2023, with a variable annual nominal interest rate equivalent to the Badlar Rate plus a margin of 5%. The Notes were issued on November 9, 2021.
The Notes are fully guaranteed by Banco Itaú Argentina S.A. and Banco Supervielle S.A., as Guaranty Entities, authorized by the CNV.
Cirugía Alemana Insumos Médicos S.A. operates in the traumatology and orthopedics market, importing and commercializing implants for traumatology, cardiology and medical supplies, accompanying and working in innovation to provide the best alternatives to health systems.
The net proceeds of the issuance will be used by the Company for working capital and to pay prior debts.
Legal advisors of Cirugía Alemana Insumos Médicos S.A., the Arrangers and the Placement Agents: Tanoira Cassagne Abogados: Partners Alexia Rosenthal and Jaime Uranga. Associates Rocío Carrica, Mariana Troncoso and Francisco Rojas Andri.
In-house counsel to the Arrangers and Placement Agents:
Banco Itaú Argentina S.A. and Itaú Valores S.A.: Luis María Vaini and Mariana Inés Sánchez.