Tanoira Cassagne advises on debt issuance of Meranol

News

Tanoira Cassagne advises on debt issuance of Meranol

Meranol

Tanoira Cassagne Abogados has assisted Meranol S.A.C.I., as issuer, in the issuance of Notes issued in two classes: (i) Notes Class 9 in argentine pesos for the amount of AR$ 40,666,666; and (ii) Notes Class 11 in US Dollars, integrated and payable in argentine pesos, for the amount of US Dollars 2,577,700.

Additionally, the firm advised Meranol S.A.C.I. in the increase of the amount of its Global Program of Notes for up to the sum of AR$ 900,000,000.

The transaction, which closed on November 5th, 2020, was carried out under the AR$ 900,000,000 Notes Global Program.

Notes Class 9 are due on November 5th, 2021, and were tendered at 10% over BADLAR rate, with interests payable half yearly.

Notes Class 11 are due on November 5th, 2022, and were tendered at 6% rate, with interests payable half yearly.

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.

The Notes are listed at the Bolsa y Mercados Argentinos S.A. (Buenos Aires Stock Exchange) and in Mercado Abierto Electrónico S.A.

Legal counsel to the issuance: Tanoira Cassagne Abogados: Partners Alexia Rosenthal and Jaime Uranga and Associates Ignacio Nantes and Mariana Troncoso.