TCA Tanoira Cassagne advised in Ricardo Almar e Hijos´s first Notes Issuance
TCA Tanoira Cassagne advised Ricardo Almar e Hijos S.A. (“Ricardo Almar e Hijos” or the “Company” indistinctly), as issuer, and Balanz Capital Valores S.A.U., Banco de Servicios y Transacciones S.A., Banco Mariva S.A. and Banco Supervielle S.A. as placement agents in the issuance of PyMEs CNV Guaranteed Class I Notes for an aggregate amount of AR$100,000,000 (the “Notes”), denominated and to be paid in pesos, due on June 27, 2024, with a variable annual nominal interest rate equivalent to the Badlar Rate plus a margin of 2.99%. The Notes were issued on June 27, 2022.
The Notes are fully guaranteed by Banco de Servicios y Transacciones S.A., Banco Mariva S.A and Banco Supervielle S.A. as Guaranty Entities duly authorized by the CNV.
Ricardo Almar e Hijos is dedicated to the manufacture of fabrics, bags and flexible structures of polypropylene and polyethylene. These products are intended for agriculture, seed packaging, fertilizers, food, balanced, flour and sugar, among others.
Deal counsels: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal and Jaime Uranga, and Associates Ignacio Criado Díaz, Carolina Mercero and Agustín Astudillo.
In-house counsel to Banco Mariva S.A.: María Eugenia Ataefe and Pablo Antao.