TCA Tanoira Cassagne advised Banco Comafi on the successful issuance of its Additional Class VII (Dollar MEP) and Class IX Notes (Dollar MEP)

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TCA Tanoira Cassagne advised Banco Comafi S.A., as issuer (“Banco Comafi”), and advised Banco Comafi, Comafi Bursátil S.A., Invertir en Bolsa S.A. and Balanz Capital Valores S.A.U. as placement agents (jointly, the “Placement Agents”), in the issuance of (i) additional class VII notes for a nominal amount of US$11,456,835, additional to the Class VII Notes originally issued by Banco Comafi on December 19, 2024 (the “Additional Class VII Notes”); (ii) class IX notes for a nominal amount of US$38,543,165 (the “Class IX Notes”).

The Additional Class VII Notes are denominated in US dollars and will be payable in US dollars in Argentina (Dollar MEP), maturing on March 19, 2025 and will accrue interest at a fixed interest rate of 2%.

The Class IX Notes are denominated in US dollars and will be payable in US dollars in Argentina (Dollar MEP), maturing on July 30, 2025, and will accrue interest at a fixed interest rate of 4.25%.

Banco Comafi’s main activity consists in providing a wide range of commercial banking services to various types of customers (individuals and micro, small, medium and large companies). Through its branches and other remote channels, it receives deposits at sight, in savings accounts and fixed-term deposits, grants secured and unsecured loans, overdrafts, check discounting and commercial financing lines. In addition, Banco Comafi provides services to companies, such as salary payments, payments to suppliers and collections, and issues credit cards for individuals and companies, among others.

Deal Counsel: TCA Tanoira Cassagne: Partners Alexia Rosenthal, Jaime Uranga and Ignacio Criado Díaz and associates Carolina Mercero, Juan Manuel Simó and Jimena Torres Marcelo.

In-house Counsels of Banco Comafi:

Carmen Nosetti and Mariana López.

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