JULY 14, 2020

Beccar Varela and PAGBAM advise on Tarjeta Naranja’s Class XLIV notes issuance.



Beccar Varela and PAGBAM advise on Tarjeta Naranja’s Class XLIV notes issuance

Buenos Aires, 14 July 2020. Beccar Varela advised Tarjeta Naranja S.A. on Class XLIV notes issuance, worth AR$3,574,897,350, carried out 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). In this issuance, Tarjeta Naranja acted as issuer, Banco de Galicia y Buenos Aires S.A.U. as the organizer and co-placement agent and Macro Securities S.A. and Banco Santander Río S.A. as co-placement agents.

Class XLIV notes issuance took place on July 8, 2020. They will accrue interest at a floating rate, equivalent to Private Badlar rate plus cut off margin of 4%. Their maturity date will be on January 8, 2022.

On July 1st, 2020, FIX SCR S.A. locally rated Class XLIV notes as “AA-(arg)”. Their listing and trading at Mercado Abierto Electrónico S.A. have been authorized, and authorization has been requested from Bolsas y Mercados Argentinos S.A. These notes are eligible by Euroclear Bank S.A./N.V.

Counsel to Tarjeta Naranja

Beccar Varela: partner Luciana Denegri and associates María Victoria Pavani y María Inés Cappelletti.

Counsel to placement agents

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