TCA advises Ruta 3 Automotores on its first issue of Negotiable Bonds
Tanoira Cassagne Abogados has advised Ruta 3 Automotores and the underwriters in their issuance of Negotiable Obligations
Tanoira Cassagne Abogados has advised Ruta 3 Automotores S.A. as issuer, and Balanz Capital Valores S.A.U., Banco de Servicios y Transacciones S.A. and Banco Mariva S.A. as underwriters, in the first issue of Class I Secured SME CNV Negotiable Obligations for a nominal amount of $100,000,000, denominated, integrated and payable in pesos, maturing on February 24, 2024 and at a variable annual nominal interest rate equivalent to the Badlar Rate plus a margin of 2.49%. The SME Notes were issued on 24 February 2022.
The SME Notes are guaranteed by Banco de Servicios y Transacciones S.A. and Banco Mariva S.A. as Guarantee Entities authorized by the CNV.
Ruta 3 is a company with more than 50 years of experience in the market, fully dedicated to the sale of 0 km cars, used cars and Renault spare parts in Argentina.
TCA’s team was composed of partners Alexia Rosenthal (pictured left) and Jaime Uranga (pictured right), together with associates Juan Sanguinetti, Francisco Rojas Andri and Carolina Mercero.
