TCA and Pagbam advise on Crucianelli issuance
Tanoira Cassagne Abogados has advised Talleres Metalúrgicos Crucianelli and Pérez Alati Grondona Benites & Arntsen, the arrangers and underwriters, in the issuance of the Series II Class 1 Notes and the Series II Class 3 Notes.
The Series II Class 1 Notes had a par value of $4,304,569,050, denominated and payable in pesos, bearing interest at a variable annual nominal interest rate equivalent to the BADLAR Rate plus a margin of 6.00%, maturing on September 10, 2026; and the Series II Class 3 Notes had a par value of US$2,486,953 denominated in US dollars and payable in pesos, bearing interest at a fixed annual nominal rate of 6.25%, maturing on September 10, 2026.
The Notes, issued on September 10, are guaranteed by Banco Supervielle, Banco de Galicia y Buenos Aires, Banco Comafi and Banco Santander Argentina in their capacity as guarantee entities authorized by the National Securities Commission.
Banco Supervielle, Banco de Galicia y Buenos Aires, Banco Comafi, and Banco Santander Argentina acted as arrangers and underwriters, and Tarallo acted as underwriter.
Talleres Metalúrgicos Crucianelli is a leading company in the construction and sale of agricultural machinery. It has a network of more than 70 dealers throughout the country and an international presence.
TCA’s team was composed of partners Alexia Rosenthal (pictured left) and Jaime Uranga (pictured centre), and associates Juan Manuel Simó and Ana Lucía Miranda.
Pagbam’s team included partner Diego Serrano Redonnet (pictured right) and associates Nahuel Perez de Villarreal and Joaquín López Matheu.
