Tanoira Cassagne Abogados (TCA) advises on LIPSA ‘s first issuance of public notes


Tanoira Cassagne Abogados (TCA) advises on LIPSA ‘s first issuance of public notes

Lipsa PR

Lipsa S.R.L. (“Lipsa”), a family-owned company, engaged in the agricultural activity with more than a decade in the North of Argentina, which main activity is the agricultural production of soybean, corn and wheat, successfully completed the placement and issuance in the local market of “dollar linked” Series I Notes with a nominal value of US$15,639,412 (the “Series I Notes“).

Tanoira Cassagne Abogados (TCA) advised Lipsa in its incorporation to the general public offering regime for notes and the creation of the global program for the issuance of notes for a maximum amount of up to US$20,000,000 (or its equivalent in other currencies) (the “Program“), which authorization was granted by the National Securities Commission (the “CNV”) on November 11, 2021.

Tanoira Cassagne Abogados (TCA) acted as deal counsel for the Series I Notes issuance, advising Lipsa as issuer, Banco Mariva S.A. as arranger and placement agent and Balanz Capital Valores S.A.U., Banco de Servicios y Transacciones S.A. and Nuevo Chaco Bursátil S.A. as placement agents.

The Series I Notes, which are denominated in US dollars, were integrated in Pesos and will be payable in Pesos at the applicable exchange rate and were issued on January 26, 2022, under the Program. The maturity of Series I Notes will occur on July 26, 2023.

Deal Counsel of the Transaction: Tanoira Cassagne Abogados (TCA) through a team led by Partners Alexia Rosenthal and Jaime Uranga; and Associates: Rocío Carrica, Pilar Dominguez Pose and Francisco Rojas Andri.

In-house Counselors of Banco Mariva S.A.: María Eugenia Ataefe and Pablo Augusto Antao.

In-house Counselors of Balanz Capital Valores S.A.U.: Ana Paula Dandlen and Luciano Taraciuk

In-house Counselors of Banco de Servicios y Transacciones S.A.: Ana Vea Murguia.