Tanoira Cassagne acted as legal advisors in the creation of the “Credicuotas Consumo Serie VI” Financial Trust

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Tanoira Cassagne acted as legal advisors in the creation of the “Credicuotas Consumo Serie VI” Financial Trust

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Tanoira Cassagne Abogados acted as deal counsel in the issuance of trust securities of “Credicuotas Consumo Serie VI” Financial Trust (“Trust”), under the Financial Trusts Global Program “Credicuotas Consumo y Personales”.

TMF Trust Company (Argentina) S.A. acted as trustee and issuer (“Trustee”) and Credishopp S.A. acted as trustor (the “Trustor”), in the issuance of trust debt securities under the Trust for a total aggregate amount of $ 182,599,690 and certificates of participation under the Trust for a total aggregate amount of $ 102,712,325 (jointly the “Trust Securities”)

Banco Industrial S.A. and Industrial Valores S.A., acted as arrangement and placement agent of the Trust, respectively.

The purpose of the issuance was to fund Credishopp S.A. with the assignment in favor of the Trust of the credits originated in personal loans granted to individuals under different modalities.

The National Securities Commission (CNV) authorized on July 17, 2019, the public offering of the Trust Securities for an amount of $ 285,312,015.

Tanoira Cassagne acted through a team led by partners Alexia Rosenthal and Jaime Uranga assisted by associates Juan Sanguinetti and Belén López Domínguez.

Read more at Latincounsel.com