TCA Tanoira Cassagne advised on Credicuotas Consumo’s Serie II Classes 1 and 2 Notes issuance.

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TCA Tanoira Cassagne advised on Credicuotas Consumo’s Serie II Classes 1 and 2 Notes issuance.

PR Credicuotas

Credicuotas Consumo S.A. (“Credicuotas”) carried out its second notes issuance within the framework of their Notes Program up to U$S 50,000,000 (or its equivalent in other currencies) for a total aggregate amount of $3,000,000,000 (the “Notes Serie II”).

Banco Industrial S.A. (“BIND”) and Industrial Valores S.A. (“IVSA”) acted as co-arrangers and, IVSA, Banco Mariva S.A. (“Mariva”), Banco Supervielle S.A. (“Supervielle”), Banco de Galicia y Buenos Aires S.A.U. (“Galicia”), Banco de Servicios y Transacciones S.A. (“BST”), Allaria Ledesma & Cía S.A. (“Allaria”), Facimex Valores S.A. (“Facimex”), Banco Patagonia S.A. (“Patagonia”), AWM Valores S.A. (“AWM”), AR Partners S.A. (“AR Partners”) and Cocos Capital S.A. (“Cocos”) acted as placement agents (jointly, the “Placement Agents”), in the issuance of the Notes Series II.

The Notes Series II were issued in two different classes. The Notes Series II Class 1 (“ONs Serie II Class 1) denominated in pesos, maturing on July 28, 2023, for a total aggregate amount of $2,470,000,000 with a variable annual nominal interest rate equivalent to the BADLAR rate plus a margin of 2,00%. The Notes Series II Class 2 (“ONs Serie II Class 2) denominated in pesos, maturing on January 28, 2024, for a total aggregate amount of $530,000,000 with a variable annual nominal interest rate equivalent to the BADLAR rate plus a margin of 2,50%.

The Notes Series II were admitted to listing in Bolsas y Mercados Argentinos S.A. and to be traded in Mercado Abierto Electrónico S.A.

Credicutoas will apply the net cash proceeds of the Notes Series II for capital expenditures considering that the purpose of the activity of Credicuotas is the creation, commercialization, and operation of credit and/or debit card systems and the granting of microcredits and/or loans to individuals and/or legal entities.

Legal Counsel to Credicuotas: TCA Tanoira Cassagne: Partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti, Pilar Domínguez Pose and Juan Manuel Simó.