Beccar Varela and Bruchou advise on Tecnomyl’s Class I Notes issuance.
Buenos Aires, March 21st, 2022. On March 16th, Tecnomyl S.A. issued Class I Notes, simple, non-convertible into shares, unguaranteed, for a total nominal value of US$11,398,000. The issuance was made under the Company’s Global Program of up to AR$1,500,000,000.
Class I Notes, maturing on March 16th, 2024, will accrue interest at a nominal annual fixed rate, equivalent to 4.95%, and will amortize its principal in four consecutive equal payments, each one worth 25% of the total nominal value, effective as of the 15th-month counting from the date of issuance.
On February 25th, 2022, Moody’s locally rated Class I Notes “BBB+.ar”, as ratified by a report dated March 4th. Likewise, these Notes were admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading at Mercado Abierto Electrónico S.A.
In this issuance, Tecnomyl S.A., the issuer, was counseled by Beccar Varela’s team, led by Luciana Denegri, assisted by María Victoria Pavani, Julián Ojeda, María Belén Tschudy and Tomás Cappellini. The organizers and placement agents Banco de Galicia y Buenos Aires S.A.U., Puente Hnos. S.A. and Banco Santander Río S.A. and Petrini Valores S.A. and Max Capital S.A. acted as sub-placement agents, were advised by the team of Bruchou, Fernández, Madero & Lombardi, led by José Bazán with the participation of Leandro Exequiel Belusci and Delfina Calderale.