TCA counsels Terragene on new issue of SME Notes
Tanoira Cassagne Abogados has counselled Terragene, as issuer, and the arrangers and underwriters, in the issuance of the Class V Secured SME CNV Series II and Series III Notes.
The Notes were issued on 8 September, where the Series II Notes were denominated in US dollars, integrated and payable in pesos, maturing on 8 September 2025, for a total nominal value of US$ 1,555. 550, with a 0.00% interest rate and a 120.62% cut-off price; while the Series III Notes were denominated in US dollars, integrated and payable in pesos, maturing on 8 September 2026, for a total nominal value of US$ 944,450, with a fixed annual nominal interest rate of 2.00% and a cut-off price of 114.50%.
The SME Notes are guaranteed by the arrangers and underwriters: Banco Itaú Argentina, Banco Supervielle, Banco de la Provincia de Buenos Aires, Banco de Galicia y Buenos Aires and Banco Macro, which also acted as Guarantee Entities authorised by the CNV.
Terragene is a company whose main activity is the research, development and manufacture of biological and chemical indicators for the control of sterilisation, washing, thermal disinfection and hygiene processes.
TCA’s team consisted of partners Alexia Rosenthal (pictured left) and Jaime Uranga (pictured right), and associates Juan Sanguinetti, Juan Manuel Simó and Ana Lucía Miranda.
