APRIL 04, 2022

Beccar Varela advises on the issuance of Tarjeta Naranja’s Class LII notes.


Buenos Aires, April 4th, 2022. On March 22nd, Tarjeta Naranja S.A. issued Class LII Notes -which are simple, non-convertible into shares, and unguaranteed-, with the objective to partially refinance Class XXXVII Notes, in compliance with the provisions of BCRA Rules. The issuance was carried out under the company’s Global Program of up to US$1,000,000,000, for a total nominal amount of US$7,500,000.

Class LII Notes, maturing on April 30th, 2024, will accrue interest at a fixed rate, equivalent to 5%, and will amortize its principal in one payment on the maturing date.

On March 14th, FIX SCR S.A. locally rated Class LII Notes “AA-”. They were admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading at Mercado Abierto Electrónico S.A.

In this notes issuance Banco de Galicia y Buenos Aires S.A.U. acted as organizer and placement agent. Tarjeta Naranja and Banco Galicia turned to Beccar Varela’s team, led by Luciana Denegri, also comprised of associates María Victoria Pavani, María Inés Cappelletti, Julián Ojeda, María Belén Tschudy, and Tomás Cappellini.