Beccar Varela and PAGBAM advise on the issuance of Tarjeta Naranja’s Class XLIX Notes.
PRESS RELEASE
Buenos Aires, August 19th, 2021. On August 13th, Tarjeta Naranja S.A. issued Class XLIX Notes, simple, non-convertible into shares, unguaranteed, and payable in Pesos, carried out in two series (I and II), for a total nominal amount of AR$3,958,500,000. The issuance was made under the company’s Global Program of up to US$1,000,000,000.
Series I Notes were issued for a nominal amount of AR$2,712,000,000. Maturing on August 13th, 2022, they will accrue interest at a floating rate, equivalent to the private Badlar rate plus a cut-off margin of 5.50%, and will amortize its principal in one payment on the maturing date of the same.
Series II Notes were issued for a nominal amount of AR$1,246,500,000. They will mature on August 13th, 2023, accruing interest at a floating rate equivalent to the private Badlar rate plus a cut-off margin of 7.24%, and will amortize its principal in a single payment on the maturing date.
On August 10th, 2021, FIX SCR S.A. locally rated Class XLIX Series I and Series II Notes “A1(arg)” and “AA-(arg)” respectively. In addition, they were admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading in Mercado Abierto Electrónico S.A.
In this issuance, Banco de Galicia y Buenos Aires S.A.U. acted as organizer and placement agent, while Banco Patagonia S.A., Banco Santander Rio S.A. and Macro Securities S.A. acted as placement agents. Tarjeta Naranja and Banco Galicia turned to Beccar Varela’s team, led by Luciana Denegri and also comprised of associates María Victoria Pavani, María Inés Cappelletti, and Julián Ojeda. Banco Patagonia, Banco Santander Río y Macro Securities were advised by Pérez Alati, Grondona, Benites & Arnsten (PAGBAM) team, led by Diego Serrano Redonnet with the participation of Nicolás Aberastury and Adriana Tucci.