Tanoira Cassagne acted as legal advisors in the creation of the “Agro Solutions DVA Series I” Financial Trust
Tanoira Cassagne Abogados acted as deal counsel in the issuance of trust debt securities under the “Agro Solutions DVA Series I” Financial Trust (“Trust”), under the Trust Debt Securities Global Program “Agro Solutions DVA”.
TMF Trust Company (Argentina) S.A. acted as trustee and issuer (“Trustee”) and AGM Argentina S.A. acted as trustor (the “Trustor”), in the issuance of trust debt securities under the Trust, for a total aggregate amount of U$S 3,297,633, to be paid in Pesos at the applicable exchange rate (dollar linked).
Max Valores S.A. and INTL CIBSA S.A., acted as arrangement and placement agent of the Trust, respectively.
The purpose of the issuance was to fund AGM Argentina S.A. with the assignment in favor of the Trust of the credits originated in the sale of agricultural inputs and products.
The National Securities Commission (CNV) authorized on April 3, 2020, the public offering of the trust debt securities for an amount of U$S 3,297,633, being therefore one the first instruments to be remotely authorized due to the Covid-19 pandemic.
Tanoira Cassagne Abogados acted through a team led by partners Alexia Rosenthal and Jaime Uranga assisted by associates Juan Sanguinetti and Belén López Domínguez.