TCA Tanoira Cassagne advised Banco Comafi S.A., as issuer (“Banco Comafi”), and advised Banco Comafi and Comafi Bursátil S.A., as placement agents (jointly, the “Placement Agents”), in the issuance of (i) additional class V notes for a nominal amount of US$16,625,000 (the “Class V Notes”); (ii) class VI notes for a nominal amount of US$87,536,000 (the “Class VI Notes”).
The Class V Notes are denominated in US dollars and will be payable in US dollars in Argentina (Dollar MEP), maturing on January 28, 2025, and will not accrue interest.
The Class VI Notes are denominated in US dollars, and will be payable in US dollars off shore (Dollar Cable), maturing on January 28, 2025, and will accrue interest at a fixed interest rate of 0,5%.
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, Mateo Fiorito, Jimena Torres Marcelo and Juan Francisco Tineo.
In-house Counsels of Banco Comafi:
Carmen Nosetti and Mariana López.
