TCA assists Credicuotas in new Notes issuance
Tanoira Cassagne Abogados has assisted in the issuance of Series VI Notes of Credicuotas Consumo for a nominal amount of $ 2,000,000,000,000, issued on September 29 under Credicuotas’ Global Program for the Issuance of Notes for up to US $100,000,000,000 (or its equivalent in other currencies).
The Series VI Notes are denominated in pesos, mature on 29 September 2024, and will accrue interest at an annual floating nominal interest rate equivalent to the BADLAR rate plus a 7% margin.
In addition, the Series VI Notes were integrated in cash and in kind through the delivery of the Series I Notes, the Series II Class 2 Notes and the Series III Class 1 Notes, previously issued by Credicuotas.
Credicuotas will use the totality of the funds raised for working capital, considering that the main purpose of Credicuotas’ activity is the creation, marketing and operation of credit and/or debit card systems and the granting of microcredits and/or loans to individuals and/or legal entities.
Banco Industrial and Industrial Valores acted as arrangers; while Allaria, Banco Comafi, Banco Patagonia, Banco de Servicios y Transacciones, Banco Supervielle, Banco de Galicia y Buenos Aires, Facimex Valores, Industrial Valores, Banco de la Provincia de Córdoba and Nuevo Banco de Santa Fe acted as underwriters.
TCA’s team included partners Alexia Rosenthal (pictured left) and Jaime Uranga (pictured right) and associates Juan Sanguinetti, Juan Manuel Simó, Ana Lucía Miranda and Federico Grieben.
