FEBRUARY 08, 2023

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



Buenos Aires, February 8th, 2023. On February 1st, 2023, Tarjeta Naranja S.A.U. issued class LVII Notes – which are simple, non-convertible into shares, unguaranteed- for a total nominal amount of AR$12,512,200,000.

Class LVII Notes, maturing on February 3rd, 2024, will accrue interest at a floating rate, equivalent to the private Badlar rate plus a cut-off margin of 4.5%, and will amortize its principal in one payment on its maturing date.

Class LVII Notes have been locally rated “A1(arg)” by FIX SCR S.A. on January 31st. 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 Banco Patagonia S.A., Banco Santander Argentina S.A., Industrial Valores S.A., Macro Securities S.A.U. and Banco Comafi S.A. acted as placement agents.

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

Beccar Varela: team led by partner Luciana Denegri, assisted by associates María Belén Tschudy and Julián Ojeda.

Counsel to the Placement Agents

Pérez Alati, Grondona, Benites & Arntsen: team led by Partner Diego Serrano Redonnet, assisted by associates Alejo Muñoz de Toro and Jerónimo Juan Argonz.