Beccar Varela advises on Eskabe’s first Notes Issuance.
Buenos Aires, December 22nd, 2022. On December 19th, Eskabe S.A. issued its first Notes Issuance (“Series I Notes“) under CNV’s PYME Garantizada Regime (SME Guaranteed Regime) for a total nominal amount of $350,000,000.
Series I Notes, maturing on December 19th, 2024, will accrue interest at a floating rate equivalent to BADLAR private rate plus a cut-off margin of 1.49%. In addition, its principal will be amortized in three payments structured as follows: the first payment at 18 months and the second payment at 21 months, both equivalent to 33% of the nominal value, and the third payment at 24 months, equivalent to the remaining 34% of the nominal value.
These Notes were admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading at Mercado Abierto Electrónico S.A. They are also guaranteed by Banco Supervielle S.A., Banco CMF S.A., and Banco Itaú Argentina S.A., who also participated as organizer and placement agent.
All parties involved in Eskabe’s notes issuance turned to Beccar Varela’s team, led by partner Luciana Denegri, assisted by associates Julián Ojeda and María Belén Tschudy.