Tanoira Cassagne advised in Meranol’s exchange offer
Tanoira Cassagne Abogados advised Meranol S.A.C.I., as issuer, and StoneX Securities S.A., Banco de Valores S.A., as arrangers and placement agents and Allaria Ledesma & Cía. S.A. and Banco de la Ciudad de Buenos Aires as placement agents in: (i) the Exchange Offer addressed to holders of outstanding peso denominated and payable Class 7 notes with a nominal value of AR$207.075.377 maturing on June 4, 2021 issued under the global program of AR$ 900.000.000 (the “Program”) (not convertible into shares) and (ii) the Public Offering of the Class 14 Notes issued under the Program for a nominal value of AR$ 181,613,088.
The Exchange Offer obtained an acceptance of 87,71% of the amount of the Existing Negotiable Obligations.
The transaction was closed on June 1st, 2021.
Notes Class 14 are due on December 3th, 2022, and were tendered at 8% over BADLAR rate, with interests payable semi-annually.
The Notes are listed at the Bolsa y Mercados Argentinos S.A. (Buenos Aires Stock Exchange) and in Mercado Abierto Electrónico S.A.
Meranol S.A.C.I. is a chemical company of German origin based in Argentina, dedicated to the production and commercialization of industrial chemical products.
Legal counsel to the issuance: Tanoira Cassagne Abogados: Partners Alexia Rosenthal and Jaime Uranga and Associates Ignacio Nantes and Mariana Troncoso.