TCA Tanoira Cassagne advised in Tecnología Integral en Protección Contra Incendios first Notes Issuance
TCA Tanoira Cassagne advised TIPCI (Tecnología Integral en Protección Contra Incendios) S.A. (the “Company”), as issuer, and Balanz Capital Valores S.A.U., Banco Mariva S.A. as placement agent, Banco de Servicios y Transacciones S.A. as placement agents and guaranty entities and Fid Aval SRG as guaranty entitite in the issuance of PyMEs CNV Guaranteed Serie I Notes for an aggregate amount of AR$150,000,000 (the “Notes”), denominated and to be paid in pesos, due on August 22, 2024, with a variable annual nominal interest rate equivalent to the Badlar Rate plus a margin of 2,5%. The Notes were issued on August 22, 2022.
The Notes are fully guaranteed by Banco Mariva S.A, Banco de Servicios y Transacciones S.A and Fid Aval S.G.R as Guaranty Entities duly authorized by the CNV.
TIPCI is a leading fire protection company, positioned as the number one in the oil, energy, mining, industry, logistics, telecommunications and other markets. Dedicated to the provision of turnkey works, TIPCI provides engineering, equipment, assembly and maintenance of fire detection and extinguishing systems, complementing its proposal with video surveillance systems, access control, intrusion control and completing its value offer with industrial assemblies. It carries out works throughout Argentina and has operational bases in five locations in the country.
Deal counsels: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal and Jaime Uranga and Associates Ignacio Criado Díaz, Pilar Dominguez Pose and Carolina Mercero.
In-house counsel to Banco Mariva S.A.: María Eugenia Ataefe and Pablo Antao.