Beccar Varela advises on the issuance of Series 31, 32, and 33 Notes by PSA Finance Argentina
PRESS RELEASE
Buenos Aires, March 11, 2025 — On February 28, 2025, PSA Finance Argentina Compañía Financiera S.A. issued three series of notes for a total amount of AR$30 billion distributed as follows: (i) Series 31, denominated in UVAs, subscribed and payable in Pesos, at a fixed interest rate of 8.00% with maturity in February 28, 2027, for a nominal value of 2,590,901 UVAs; (ii) Series 32, denominated and payable in Pesos, accruing interest at a variable rate equivalent to the TAMAR rate plus a 3.20% margin, maturing on February 28, 2026, for a nominal value of AR$19,813,161,044; and (iii) Series 33, denominated and payable in Pesos, accruing interest at a fixed effective monthly rate of 2.50%, maturing on August 28, 2025, for a nominal value of AR$6,650,000,000.
On February 25, 2025, FIX SCR S.A. Agente de Calificación de Riesgo (a Fitch Ratings affiliate) rated the notes as follows: (i) Series 31: “AA(arg)”; (ii) Series 32: “A1+(arg)”; and (iii) Series 33: “A1+(arg).”
The notes were authorized for listing on Bolsas y Mercados Argentinos S.A. and for trading on A3 Mercados (formerly Mercado Abierto Electrónico S.A.).
This issuance was carried out under PSA’s global notes program of up to US$ 50,000,000. The funds raised will be used as working capital for granting new secured loans and leasing contracts for vehicle purchases, as well as for financing dealer stock.
Banco BBVA Argentina S.A. and Banco de Galicia y Buenos Aires S.A.U. acted as organizers and placement agents, while Macro Securities S.A.U., Banco Patagonia S.A., Banco Comafi S.A., and Max Capital S.A. acted as placement agents.
Advisors to PSA Finance Argentina Compañía Financiera S.A.Beccar Varela: team led by Luciana Denegri, with the participation of María Victoria Pavani, Julián Ojeda, María Carolina Pilchik, and Carlos Nicolás Saúl Lucero.
Advisors to the Organizers and Placement AgentsMarval O’Farrell Mairal: team led by Sergio Tálamo, with the participation of Juan Pablo Lentino and Lautaro Penza.·