TCA participates in first issue of Meridiano Norte
Tanoira Cassagne Abogados has advised Meridiano Norte as issuer, and Banco de Servicios y Transacciones and Banco CMF as underwriters, in the first issue of Meridiano Norte’s negotiable obligations for a nominal value of $300,000,000.
The Notes, issued on 11 August, were denominated, integrated and payable in pesos, maturing on 11 August 2025 and at an annual floating nominal interest rate equivalent to the Badlar Rate plus a margin of 5.00%.
The SME Notes are guaranteed by Banco de Servicios y Transacciones and Banco CMF in their capacity as Guarantors.
Meridiano Norte is a financial company whose objective is to grant working capital loans to different segments of companies in Argentina, mainly in CABA, Buenos Aires, Santa Fe, Córdoba and Mendoza. The main products it operates are cheque discounting and invoice discounting. The sectors or activities that Meridiano Norte supports with its operations are: manufacturing industry, construction, wholesale and retail trade, among others.
TCA’s team included partners Alexia Rosenthal (pictured left) and Jaime Uranga (pictured right) and associates Ignacio Criado Díaz, Carolina Mercero and Alejo Medici Raymundi.
