Marval acts in Elebar IV trust securities issuance

Marval O’Farrell Mairal has acted as legal advisor in the issuance of trust securities corresponding to the Elebar IV financial trust under the Programme, for a total amount of V/N ARS 899,985,000.

The issue was made on 19 September and included Trust Debt Class A Securities for a total of ARS 759,744,000; Trust Debt Class B Securities for ARS 104,990,000 and Trust Debt Class C Securities for ARS 35,251,000.

The Trust Debt Class A Securities, Trust Debt Class B Securities, and Trust Debt Class C Securities have been qualified by FIX SCR Risk Rating Agent as A1+sf(arg), BBBsf(arg) and BBsf(arg), respectively.

Furthermore, the transaction was authorized for public offering by the Argentine Securities Commission on September 11, 2023, and is listed in Bolsas y Mercados Argentinos.

Santa Mónica acted as trustee, administrator and collection agent; Banco de Valores acted as trustee, arranger and placement agent; while Provincia Bursátil, First Capital Markets, and Banco de Servicios y Transacciones acted as placement agents.

Marval’s team was led by partner Sergio Tálamo (pictured), together with associate Carmen Del Pino.