TCA acted as deal counsel in the issuance of the financial trust “Total Assets IV” (the “Trust”), under the Trust Debt Securities Global Program “Best Finance Total Assets” (the “Program”).

TMF Trust Company (Argentina) S.A. acted as trustee and issuer (the “Trustee”) and Crédito Directo S.A. acted as trustor (the “Trustor”), in the issuance of trust debt securities under the Trust for a total aggregate amount of AR$15,000,000,000.

Banco de Servicios y Transacciones S.A. acted as arrangement agent and placement agent, and Banco Mariva S.A., Banco CMF S.A., Banco Patagonia S.A., Banco de Valores S.A., Nuevo Banco de Santa Fe S.A., Provincia Bursátil S.A., Adcap Securities Argentina S.A., Allaria S.A., Cocos Capital S.A. SBS Trading S.A., GMC Valores S.A., Deal S.A. and Alycbur S.A acted as placement agents.

The purpose of the issuance, through the proposed innovative structure, was to fund the Trustor with the assignment to the Trust of the consumer loans mostly granted digitally.

The Argentine Securities Commission authorized the Trust and the public offering of the trust debt on February 19, 2025.

Deal Counsel of the Transaction: TCA acted through a team led by partners Alexia Rosenthal and Jaime Uranga; and Associates Carolina Mercero and Florencia Ramos Frean.