Marval and PAGBAM assist in issuance of AESA Notes
Marval O’Farrell Mairal has assisted Ángel Estrada y Compañía (AESA), and Pérez Alati Grondona Benites & Arntsen the arranger and underwriters, in the placement and issuance in the local market of the Class 13 Notes for a par value of ARS $1,000,000,000.
The issue was made on 3 August under the framework of the Programme of Simple Negotiable Obligations Not Convertible into Shares for up to V/N USD 30,000,000,000 (or its equivalent in other currencies). The Class 13 Notes, denominated and payable in ARS, have a variable interest rate corresponding to the sum of the Private Badlar Rate and the cut-off margin of 5 %, maturing on 3 August 2024.
Banco de Galicia y Buenos Aires acted as arranger and underwriter; while Cohen, Banco Santander Argentina, Banco de Servicios y Transacciones, Balanz Capital Valores, Facimex Valores, Allaria, Banco BBVA Argentina, Invertir en Bolsa, GMA Capital and Banco de la Provincia de Buenos Aires acted as underwriters.
AESA is an Argentinean company dedicated to the manufacture of school and office stationery products that has been competing globally for more than 145 years in offering top quality products.
Marval’s team was led by partner Sergio Tálamo (pictured left), together with associates Juan Pablo Lentino and Agustín Alejo Centurion.
PAGBAM’s team consisted of partner Diego Serrano Redonnet (pictured right) and associates Alejo Muñoz de Toro, Nahuel Perez de Villarreal and Tamara Friedenberger.
