Tanonira Cassagne Abogados (TCA) advises on the first issuance in of Notes of Georgalos
Tanoira Cassagne Abogados (TCA) advised Georgalos Hnos S.A.I.C.A as issuer; Banco Comafi S.A. and Banco Supervielle S.A. as organizers, placement agents and guarantee entities; and Comafi Bursátil S.A. and Futuros del Sur S.A. as sub-placement agents, in the company’s first and successful issuance under the public offering regime of the Negotiable Obligations Class II Notes for a nominal value of US$3,229,080 denominated in Dollars, to be subscribed and paid in pesos, with a fixed rate of 0,00%, due on March 11, 2025 (the “Notes”). The Notes were issued on March 11, 2022 and had and over-subscription of up to two times the amount issued.
The Notes are guaranteed by Banco Comafi S.A. and Banco Supervielle S.A. as Guarantee Entities authorized by the National Securities Commission (CNV).
Founded in 1939, Georgalos is one of the most iconic and famous companies within the local market, owner of numerous products such as Flynn Paff, Tokke and Nucrem, among several others.
Legal Advisors to the issuer, Banco Comafi S.A. and Banco Supervielle S.A.: Tanoira Cassagne Abogados (TCA) through its team of partners Alexia Rosenthal and Jaime Uranga; and associates: Ignacio Criado Díaz, Francisco Rojas Andri and Pilar Dominguez Pose.
In-house counselors of Banco Comafi S.A.: Carmen Nosetti.