O’Farrell and PAGBAM advise on Scania Credit Class 2 Notes
O’Farrell advised Scania Credit Argentina on the issuance of Class 2 Negotiable Notes, denominated, subscribed, and payable in U.S. dollars, for a total amount of US$40,979,825. The notes bear a fixed annual nominal interest rate of 7.49%, payable quarterly, except for the first interest payment, which is scheduled for July 16, 2026. Principal will be amortized in eleven installments, with final maturity on January 16, 2029.
The Class 2 Negotiable Notes were issued on January 16, 2026, under the Global Negotiable Notes Program, approved by the National Securities Commission (CNV), in accordance with Section IV, Chapter V, Title II of its regulations. They were also authorized for listing on Bolsas y Mercados Argentinos (BYMA) through the Buenos Aires Stock Exchange (BCBA), and for trading on A3 Mercados (A3).
PAGBAM advised Banco Santander Argentina as organizer and placement agent, as well as Industrial and Commercial Bank of China (Argentina), Balanz Capital Valores, Banco BBVA Argentina, Banco de Galicia y Buenos Aires, PP Inversiones, Global Valores, and Allaria as placement agents.
The legal advisors for Scania Credit Argentina was done by O’Farrell’s team and led by partner Sebastián Luegmayer (pictured left), senior consultant Nicolás Fernández Madero; Associates Irupé Martínez and Ignacio Agustín Reynoso . In-house legal advisors were Martin Garat and Verónica Monsalve.
The legal advisors for the orrganizer and placement agents were done by firm Perez Alati, Grondona, Benites & Arntsen (PAGBAM) with partner Diego Serrano Redonnet (pictured right), counsel Nicolás Aberastury, Associates Juan Ignacio Rodríguez Goñi, Tamara Friedenberger, and Catalina Hermida Pini.
