Beccar Varela advises on Agrofina’s XXVII financial trust.
Buenos Aires, January 21st, 2022. Beccar Varela advised Agrofina S.A. on the constitution of Agrofina XXVII Financial Trust, set under Secuval II Program, and on the trust debt securities issuance, which took place on January 19th, 2022, carried out for a total amount of US$7,218,991.
Under the Financial Trust, Class A trust debt securities were issued for US$6,525,691, at an annual nominal fixed rate equivalent to 3%, and Class B trust debt securities, for US$693,300, at an annual nominal fixed rate equivalent to 4%. On December 30th, FIX SCR S.A. Risk Rating Agent “Affiliate of Fitch Ratings” rated Class A trust debt securities A1sf(arg), while Class B as A2sf(arg).
In this issuance, Banco de Valores S.A. acted as financial trustee, custodian agent, organizer, and placement agent, while Agrofina S.A. acted as trustor, administrator, and collection agent. AR Partners S.A., First Capital Markets S.A., and SBS Trading S.A acted as placement agents, and FIRST Corporate Finance Advisors S.A. acted as co-organizer and financial advisor.
The financial trust’s main goal is to finance small and medium-sized companies. At least 70% (seventy percent) of the amount of the trust asset, considering its nominal value, is made up of rights or credits from operations carried out with SMEs CNV.
All parties involved in the issuance were advised by Beccar Varela: team led by partner Luciana Denegri, assisted by associates María Victoria Pavani, María Inés Cappelletti, Julián Ojeda, María Belén Tschudy and Tomás Cappellini.