TCA acts in first issue of Ferretera Central
Tanoira Cassagne Abogados has acted as counsel to Ferretera Central JT, as issuer, and to Dracma, Banco Supervielle, Banco Comafi and Banco de la Provincia de Córdoba, as arrangers and underwriters, in the issuance of the Series I Notes.
The Series I Notes, issued on October 25, had a nominal value of Ps. 540,000,000, denominated and payable in Pesos, and will accrue interest at a variable annual nominal interest rate equivalent to the BADLAR Rate plus a margin of 8.50%, maturing on April 25, 2026; and are guaranteed by Banco Supervielle, Banco Comafi, Banco de la Provincia de Córdoba and Garantizar as Guarantee Entities authorized by the National Securities Commission.
Ferretera Central is a family-owned company founded in 2012, which is engaged in the sale of hardware and electrical materials, mostly to wholesalers. Ferretera Central has a wide range of first-class clients, which are distributed in 10 provinces of the country with a projection for 2024 to sell in the whole country. Ferretera Central markets its products in the provinces of Córdoba, Buenos Aires, Santa Fe, La Pampa, San Luis, Mendoza, San Juan, La Rioja, Santiago del Estero. Within the range of products offered by Ferretera Central, the following national products can be found: flanges, water pipes, gas pipes, screws and hand tools.
TCA’s team consisted of partners Alexia Rosenthal (pictured left), Jaime Uranga (pictured centre) and Ignacio Criado Díaz (pictured right), and associates Juan Manuel Simó and Juan Francisco Tineo.
