Marval advises on CNHI Capital new issuance of Notes
Marval O’Farrell Mairal has advised CNH Industrial Capital Argentina (CNHI Capital) in its issuance of Class 6 notes, denominated in US dollars, to be subscribed, integrated and payable in Pesos at the applicable exchange rate, with an interest rate of 7.50%, and maturing in February 2026, for a nominal value of USD $53,299,000.
The issue was made on 29 February. The Class 6 Notes are authorised for listing and trading on the Argentine Stock Exchange and the Electronic Open Market, respectively.
The placement of the Notes was carried out by Banco Santander Argentina and Banco Galicia y Buenos Aires, as placement agents and arrangers, and Puente Hnos, Balanz Capital Valores and Banco Patagonia as placement agents. All these entities were advised by Pérez Alati Grondona Benites & Arntsen (PAGBAM).
CNHI Capital is a commercial financing company within the CNH Industrial Group that offers CNH Argentina and Iveco Argentina customers and dealers financing for the acquisition of new and used vehicles, and financing for the dealer network on its stock of units. Today, it is a private company with more than 40 years of global presence, more than 20 years in Brazil and 10 years in Argentina, leader in the presentation of financial solutions for the acquisition of machinery and equipment.
Marval’s team was formed by partners Gabriel Matarasso (pictured left), Sergio Talamo (pictured centre) and associates Martín I. Lanús, Sebastián Swinnen and Lautaro Penza.
PAGBAM’s team included partner Diego Serrano Redonnet (pictured right), counsel Alejo Muñoz de Toro, and associates Joaquín López Matheu and Tamara Friedenberger.
