Tanoira Cassagne Abogados advises on the issuance of t Notes by Metalfor
Tanoira Cassagne Abogados advised Metalfor S.A. (the “Company”) as issuer and Banco Supervielle SA, as organizer and placement agent, Banco de Servicios y Transacciones S.A. and Banco Mariva, both as placement agents, in the issuance of PyMEs CNV Guaranteed Serie II Notes for an aggregate amount of $ 300,000,000 (the “Notes”), denominated and to be paid in pesos, due on April 19, 2023, with a variable annual nominal interest rate equivalent to the BADLAR Rate plus a margin of 0 %. The Notes were issued on April 19, 2021.
The Notes are fully guaranteed by Banco Supervielle S.A., Banco de Servicios y Transacciones S.A. and Banco Mariva S.A, as Guarantee Entities, authorized by the National Securities and Exchange Commission.
Metalfor S.A. is a company which main activity is the production of agricultural machinery, especially the manufacture of sprayers and fertilizers for agricultural and forestry uses. In addition, the Company commercializes goods related to agriculture.
The net proceeds of the funds from this issuance will be used by the Company for working capital and productive investment in agricultural infrastructure, for the manufacture of agricultural machinery.
Legal Advisors of the Transaction: Tanoira Cassagne Abogados through a team led by Partners Alexia Rosenthal and Jaime Uranga; and Associates: Juan Sanguinetti, Belén Azimonti and Pilar Domínguez Pose.