Tanoira Cassagne advised on Disal S.A. Class A and Class B bond issuance.
Tanoira Cassagne Abogados advised Disal S.A. as issuer, Dracma S.A. and SBS Capital S.A. as organizers; and SBS Trading, Dracma S.A. and Banco de Servicios y Transacciones S.A. as placement agents; regarding the issuance in the local market of the following Notes: (i) Negotiable Obligations Class A corporate bonds with a nominal value set in inflation-adjusted units (the “UVA”) equivalent to $299.999.979 subscribed and integrated in pesos (the “Notes Class A”); and (ii) the Negotiable Obligations Class B corporate bonds denominated in Dollars with a nominal value of U$3,009,727, subscribed and integrated in pesos or kind through the cancellation of pre-existent credits held by investors against Disal (RG 861) (the “Notes Class B” and together with the Notes Class A the “Notes“).
Disal S.A. is company of Argentine origin founded in the Province of Córdoba in 1959; whose main activity involves the production of paint, varnish and other materials.
The Notes were issued on November 3th, 2021, under the Non-Convertible Simple Notes Program for up to $2,000,000,000 (or its equivalent in other currencies or measure units) (the “Program“). Notes Class A, denominated in UVA and payable in Pesos, bear a fixed annual rate rated of the 3,27%; while the Notes Class B, denominated in Dollars and payable in Pesos, bare a fixed annual rated of the 5,00%.
The Notes Class A mature on May 3th, 2024, and the Notes Class B mature on November 3th, 2026.
Legal advisors of Disal S.A., the Organizers and the Placement Agents: Tanoira Cassagne Abogados: Partners Alexia Rosenthal and Jaime Uranga. Associates Ignacio Criado Díaz, Mariana Troncoso and Francisco Rojas Andri.
In-house counsel to the Arrangers and Placement Agents:
Banco de Servicios y Transacciones S.A.: Ana Vea Murguía.