Tanoira Cassagne Abogados (TCA) advised in Ruta 3 Automotore´s first Notes Issuance

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Tanoira Cassagne Abogados (TCA) advised in Ruta 3 Automotore´s first Notes Issuance

PR Ruta 3

Tanoira Cassagne Abogados (TCA) advised Ruta 3 Automotores S.A. (“Ruta 3” or the “Company” indistinctly), as issuer, and Balanz Capital Valores S.A.U., Banco de Servicios y Transacciones S.A. and Banco Mariva S.A. as placement agents in the issuance of PyMEs CNV Guaranteed Class I Notes for an aggregate amount of AR$100,000,000 (the “Notes”), denominated and to be paid in pesos, due on February 24, 2024, with a variable annual nominal interest rate equivalent to the Badlar Rate plus a margin of 2.49%. The Notes were issued on February 24, 2022.

The Notes are fully guaranteed by Banco de Servicios y Transacciones S.A. and Banco Mariva S.A as Guaranty Entities duly authorized by the CNV.

Ruta 3 is an Argentinian company with over 50 years of expertise in the market, fully dedicated into selling new and used cars and spare parts of Renault in Argentina.

Deal counsels:

Tanoira Cassagne Abogados: Partners Alexia Rosenthal and Jaime Uranga, and Associates Juan Sanguinetti, Francisco Rojas Andri and Carolina Mercero.