Tanoira Cassagne Abogados advised Catalinas Cooperativa de Crédito, Consumo y Vivienda Ltda., as issuer, Max Valores S.A., as organizer and placement agent, and Banco Supervielle S.A., as placement agent on Catalinas Cooperativa de Crédito, Consumo y Vivienda Ltda. issuance of Short Term Notes due 2020 for an amount of $23,097,332.
The Short Term Notes are peso denominated variable rate notes, due on April 2020 and bearing an annual nominal interest of BADLAR rate plus a margin of 12%. The Short Term Notes were issued on April 12, 2019.
Catalinas Cooperativa de Crédito, Consumo y Vivienda Ltda. is a credit cooperative which main activity is the granting of loans to associated companies, mainly small and medium size enterprises, for the financing of their capital
expenditures. The company will apply the net cash proceeds of this offering for capital expenditures.
Counsel of the Transaction: Tanoira Cassagne Abogados. Partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti and Belén Azimonti.