Marval and PAGBAM advise on new issue of AESA Notes
Marval O’Farrell Mairal has advised Ángel Estrada (AESA), and Pérez Alati Grondona Benites & Arntsen to the underwriters, in the placement and issuance in the local market of the Class 16 Notes for a par value of ARS 4,086,753,854.
The Class 16 Notes were issued on 13 June under the Programme of simple non-convertible negotiable debentures for up to V/N USD 30,000,000 (or its equivalent in other currencies). The Class 16 Notes, denominated and payable in ARS, have a variable interest rate corresponding to the sum of the Private Badlar Rate plus the cut-off margin of 8 % and mature on 13 June 2025.
Banco de Galicia y Buenos Aires acted as arranger and placement agent; while Cohen, Banco Santander Argentina, Banco de Servicios y Transacciones, Balanz Capital Valores, Facimex Valores, Allaria, Banco BBVA Argentina, Invertir en Bolsa, GMA Capital, Banco de la Provincia de Buenos Aires, and BACS Banco de Crédito y Securitización acted as placement agents.
Ángel Estrada y Compañía (AESA), a leading Argentinean manufacturer of school and office stationery products. AESA has been a global player for more than 145 years. The company offers products of the highest quality, supports ideas and content related to education and the office, accompanies technological progress and makes efficient use of its resources, maximising the creation of value for customers, employees, shareholders, suppliers and the community in general, within a strictly ethical framework.
Marval’s team was composed of partner Sergio Tálamo (pictured left), together with associates Juan Pablo Lentino and Sebastián Swinnen.
PAGBAM’s team consisted of partner Diego Serrano Redonnet (pictured right), together with counsel Alejo Muñoz de Toro and associates Nahuel Perez de Villarreal and Tamara Friedenberger.
