AUGUST 08, 2023

Beccar Varela and Pérez Alati, Grondona, Benites & Arntsen advise on Tarjeta Naranja’s Class LIX Notes Issuance.



Buenos Aires, 8 August 2023. On July 27th, 2023, Tarjeta Naranja S.A.U. issued class LIX Notes — simple, non-convertible into shares, unguaranteed—, for a total nominal amount of AR$ 12,072,087,376. The issuance was carried out under the Argentine Securities and Exchange Commission Frequent Issuer Regime, established in Section VIII, Chapter V, Title II of this entity’s regulations.

Class LIX Notes, maturing on July 27th, 2024, will accrue interest at a floating rate, equivalent to Badlar private rate plus a cut-off margin of 5.00% (with a minimum rate of 100% for the first coupon payment), and will amortize its principal in one payment on its maturing date.

On July 24th, 2023, FIX SCR S.A. locally rated Class LIX Notes “A1(arg)”. 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 Notes issuance, Banco de Galicia y Buenos Aires S.A.U. acted as organizer and placement agent, while Macro Securities S.A.U., Banco Santander Argentina S.A., Banco Patagonia S.A., and Nuevo Banco de Santa Fe S.A. acted as placement agents.

Counsel to Tarjeta Naranja and Banco de Galicia y Buenos Aires S.A.U.

Beccar Varela: partner Luciana Denegri and associates María Victoria Pavani and Julián Ojeda.

Counsel to the Placement Agents

Pérez Alati, Grondona, Benites & Arntsen: partner Diego Serrano Redonnet and associates Alejo Muñoz de Toro, Mora Mangiaterra Pizarro, and Juan Ignacio Rodriguez Goñi.