NOVEMBER 20, 2018

Beccar Varela and PAGBAM in Tarjeta Naranja issuance.



Buenos Aires, 20 November 2018. Beccar Varela advised Tarjeta Naranja S.A. and Banco de Galicia y Buenos Aires S.A.U. in Tarjeta Naranja’s Class XLI notes issuance, carried out in two series under the company’s global program for the issuance of short, medium and long-term notes for a maximum nominal value of up to US$1,000 million (or its equivalent in other currencies). Series I notes were issued at a nominal value of AR$854,102,222 and Series II notes at a nominal value of AR$343,555,000. In this issuance, which took place on November 15, Tarjeta Naranja acted as issuer, while Banco de Galicia as placement agent. Pérez Alati, Grondona, Benites & Arntsen advised Banco Santander Río S.A., as co-placement agent.

The maturity date of the Class XLI notes, Series I, will operate on November 15, 2019 (that is, 12 months from the issue date), accruing interests at a fixed rate. The maturity of the Class XLI notes, Series II, will take place on May 15, 2020 (18 months from the date of issue), accruing interests at a floating rate. Fix SCR S.A. locally rated these notes “A1 (ARG)” and “AA- (ARG)” respectively. They have been listed on Bolsas y Mercados Argentinos S.A. and authorized to their trading at Mercado Abierto Electrónico S.A.

Counsel to Tarjeta Naranja and Banco Galicia

Beccar Varela: partners Javier Magnasco and Luciana Denegri, and associates José María Krasñansky and Pablo Ignacio Godoy.

Counsel to Banco Santander Río

Pérez Alati, Grondona, Benites & Arntsen (PAGBAM): partner Diego Serrano Redonnet and associates Nicolás Aberastury, Paula Balbi and Guido Meirovich.