Beccar Varela advises on the issuance of Radiadores Prats’ PYME CNV Guaranteed Notes Series II
PRESS RELEASE
On November 28, 2024, Radiadores Prats S.A. issued its Series II Notes (the “Notes”) under the PYME CNV Guaranteed Regime, for a total nominal value of AR$2,800,000,000.
The Notes, maturing on November 28, 2026, will accrue interest at a variable rate equivalent to the BADLAR Private Rate plus a 7.50% margin per annum. Interest payments will be made quarterly. The principal will be amortized in three installments as follows: (i) the first payment, equivalent to 33% of the principal, on May 28, 2026; (ii) the second payment, equivalent to 33% of the principal, on August 28, 2026; and (iii) the third and final payment, equivalent to the remaining 34%, on November 28, 2026.
The Notes have been admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading on Mercado Abierto Electrónico S.A.
Radiadores Prats S.A. acted as issuer. Banco Supervielle S.A., Banco Hipotecario S.A., Banco de la Provincia de Buenos Aires, Banco de Servicios y Transacciones S.A., and Banco Comafi S.A. acted as organizers, placement agents, and guarantee providers, while Industrial Valores S.A. acted as organizer and placement agent. All parties were advised by Beccar Varela’s team led by Luciana Denegri, with the participation of Julian Alejandro Ojeda, Martina Puntillo and Carlos Nicolás Saúl Lucero.