TCA and PAGBAM act in new issue of Comafi’s Notes
Tanoira Cassagne Abogados acted as counsel to Banco Comafi, as issuer, and Pérez Alati Grondona Benites & Arntsen as counsel to Banco Comafi and Comafi Bursátil, as underwriters, in the issuance of additional Class I Notes, and Class III and IV Notes.
The Additional Class I Notes are denominated in US dollars and will be payable in cash in US dollars in the Republic of Argentina (Dollar MEP), for a nominal amount of USD $5,000,000, will mature on November 24, 2024, and will accrue interest at a fixed annual nominal interest rate of 1%; the Class III Notes are denominated in US dollars and will be payable in cash in US dollars abroad (Dollar Cable) for USD $28,386,900, and will mature on November 24, 2024. 386,900, maturing on February 12, 2025, and bearing interest at a fixed annual nominal interest rate of 1%; and the Class IV Notes are denominated in US dollars and payable in Argentine pesos, for a nominal amount of USD $15,448,300, maturing on August 16, 2025 and bearing no interest.
Banco Comafi’s main activity consists of providing a wide range of general commercial banking services to various types of customers (individuals and micro, small, medium and large companies). Through its branch network and other remote channels, it receives demand, savings and time deposits, grants secured and unsecured loans, overdrafts, check discounting and commercial financing lines. In addition, Banco Comafi provides services to companies, such as payroll, payments to suppliers and collections, and issues credit cards for individuals and companies, among others.
Carmen Nosetti and Mariana López acted as in-house lawyers for Banco Comafi.
TCA’s team included partners Alexia Rosenthal (pictured left), Jaime Uranga (pictured centre, left) and Ignacio Criado Díaz (pictured centre, right) and associates Lucía Viboud Aramendi, Carolina Mercero, Juan Francisco Tineo and Mateo Fiorito.
PAGBAM’s team was composed of partner Diego Serrano Redonnet (pictured right), counsel Alejo Muñoz de Toro and associate Tamara Friedenberger.
