TCA Tanoira Cassagne advised Cloronor S.A. as issuer (the “Issuer”), and Banco Hipotecario S.A. as arranger and placement agent in the issuance of the Series I Class 2 Notes with a nominal value of ARS 250,000,000; denominated and payable in Argentine Pesos, which will accrue interest at a floating rate equal to the BADLAR rate plus a 8.00% margin, maturing on October 31, 2026 (the “Notes”).

The Notes will be issued on October 31, 2024; and are fully guaranteed by Banco Hipotecario as guaranteeing entity authorized by the National Securities and Exchange Commission (CNV for its acronym in Spanish).

Cloronor S.A. specializes in the production, sale, and distribution of chemical products across the provinces of Formosa, Chaco, Corrientes, Misiones, and Santa Fe. Its primary products include sodium hypochlorite and aluminum sulfate, both mainly used for water purification, as well as smaller quantities of sodium hydroxide, polyaluminum chloride, and other related chemicals.

Legal Counsel: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal, Jaime Uranga and Ignacio Criado Díaz; and associates Juan Manuel Simó, Mateo Fiorito and Florencia Ramos Frean.