TCA Tanoira Cassagne advised Establecimiento Don Avelino in its first Notes Issuance

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TCA Tanoira Cassagne advised Establecimiento Don Avelino in its first Notes Issuance

PR Don Avelino

TCA advised Establecimiento Don Avelino S.R.L., as issuer and Banco Itaú Argentina S.A., as placement agent and Banco Itaú Argentina S.A. and Itaú Valores S.A. as underwriters, in the first issuance of the company under the public offering regime, by which it issued the following notes: i) the PYME CNV GARANTIZADA Class 1 Series I Notes in pesos, at variable interest rate, maturing 24 (twenty-four) months from the Issue and Settlement Date for a par value of $37,500,000 (pesos thirty seven million five hundred thousand) (the “Class 1 Series I Notes”); and (ii) the negotiable obligations PYME CNV GARANTIZADA Class 1 Series II, denominated in United States dollars to be subscribed and paid in pesos at the Initial Exchange Rate and payable in pesos at the Applicable Exchange Rate, at a fixed annual nominal interest rate, maturing 24 months from the Issue and Settlement Date for a nominal amount of U$S 500,000 (United States. Dollars five hundred thousand) (the “Class 1 Series II Notes” and together with the Class 1 Series I Notes the “Class 1 Notes“).

The Notes are guaranteed by Banco Itaú Argentina S.A. as Guarantee Entity authorized by the CNV.

Establecimiento Don Avelino S.R.L. is a company which main activity is the cultivation of cereals and oilseeds. The products are (soybean, sunflower, corn, wheat, sorghum). In addition, as a secondary activity, the company raises cattle. It also provides road machinery transportation services and general cargo transportation.

Legal Advisors of the Transaction: TCATanoira Cassagne through a team led by Partners Alexia Rosenthal, Jaime Uranga and Rocio Carrica; and Associates: Mariana Troncoso y Teófilo Trusso.

In-House Counsel for Banco Itaú Argentina S.A.: Mariana Inés Sánchez