MAY 04, 2023

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


On April 27th, 2023, Tarjeta Naranja S.A.U. (“Tarjeta Naranja”) issued Class LVIII Notes, simple, non-convertible into shares, unguaranteed, for a total nominal amount of AR$12.214.677.693 (“Class LVIII Notes”).
Class LVIII Notes, maturing on April 27th, 2024, will accrue interest at a floating rate equivalent to Badlar private rate plus a 5% cut-off margin, and will amortize its principal in one payment on the maturing date.

On April 21st, 2023, FIX SCR S.A. locally rated Class LVIII Notes “A1(arg)”. In addition, they 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 Comafi S.A., Banco Patagonia S.A., Nuevo Banco de Santa Fe S.A. and Banco de la Provincia de Córdoba S.A. acted as placement agents (the “Placement Agents”).

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

Beccar Varela: partner Luciana Denegri and associates María Belén Tschudy and Julián Ojeda.

Counsel to the Placement Agents

Pérez Alati, Grondona, Benites & Arntsen: partner Diego Serrano Redonnet and associates Alejo Muñoz de Toro, Nahuel Perez de Villarreal and Mora Mangiaterra Pizarro.