TCA Tanoira Cassagne advised Credicuotas Consumo S.A., as issuer (“Credicuotas”), Banco Industrial S.A. and Industrial Valores S.A., as co-arrangers (jointly, the “Co-arrangers”), and Industrial Valores S.A.; Cocos Capital S.A., Banco Comafi S.A., Latin Securities S.A., Buenos Aires Valores S.A., ACA Valores S.A. and Banco Patagonia S.A. as placement agents (collectively, the “Placement Agents”), in the issuance of series XI notes for a nominal amount of US$ 18,199,745 (the “Series XI Notes”).
The Series XI Notes are denominated in US dollars and will be payable in US dollars, in Argentina (Dollar MEP) maturing on October 17th, 2025, with a fixed interest of 7%.
Credicuotas will apply the net cash proceeds of the Series XI Notes for capital expenditures considering that the purpose of the activity of Credicuotas is the creation, commercialization, and operation of credit and/or debit card systems and the granting of microcredits and/or loans to individuals and/or legal entities.
Deal Counsels: TCA Tanoira Cassagne: Partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti, Juan Manuel Simó, Carolina Mercero and Ana Lucía Miranda.
