Tanoira Cassagne Abogados (TCA) advises on Credicuotas Consumo’s first notes issuance


Tanoira Cassagne Abogados (TCA) advises on Credicuotas Consumo’s first notes issuance

PR Credicuotas

Credicuotas Consumo S.A. (“Credicuotas”) carried out its first notes issuance within the framework of their Notes Program up to U$S 50,000,000 (or its equivalent in other currencies) for an amount of $2,000,000,000 (the “Notes Series I”).

Banco Industrial S.A. (“BIND”) and Industrial Valores S.A. (“IVSA”) acted as co-arrangers and, IVSA, Banco Mariva S.A. (“Mariva”), Banco Comafi S.A. (“Comafi”), Banco CMF S.A. (“CMF”), Banco Supervielle S.A. (“Supervielle”), Banco de Galicia y Buenos Aires S.A.U (“Galicia”), Banco de la Provincia de Buenos Aires (“Banco Provincia”), Banco de Servicios y Transacciones S.A. (“BST”), Banco Hipotecario S.A. (“Banco Hipotecario”), Balanz Capital Valores S.A.U. (“Balanz”), Allaria Ledesma & Cía S.A. (“Allaria”) y Facimex Valores S.A. (“Facimex”), acted as placement agents (jointly, the “Placement Agents”), in the issuance of the Notes Series I.

The Notes Series I are denominated in pesos, maturing on October 5, 2023 with a variable annual nominal interest rate equivalent to the BADLAR rate plus a margin of 4.75%. The Notes Series I were issued on April 5, 2022.

The Notes Series I were admitted to listing in Bolsas y Mercados Argentinos S.A. and to be traded in Mercado Abierto Electrónico S.A.

Credicutoas will apply the net cash proceeds of the Notes Series I for capital expenditures considering that the corporate purpose of Credicuotas is the creation, commercialization and operation of credit and/or debit card systems and the granting of microcredits and/or loans to individuals and/or legal entities.

Legal Counsel to Credicuotas: Tanoira Cassagne Abogados (TCA): Partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti, Pilar Domínguez Pose and Carolina Mercero.