TCA Tanoira Cassagne advised Credicuotas Consumo S.A., as issuer (“Credicuotas”), Banco Industrial S.A. e Industrial Valores S.A., as co-arrangers (jointly, the “Co-arrangers”), and Industrial Valores S.A.; Banco de Servicios y Transacciones S.A.; Banco Hipotecario S.A.; Banco de la Provincia de Córdoba S.A.; Balanz Capital Valores S.A.U.; Banco Patagonia S.A.; Nuevo Banco de Santa Fe S.A.; ACA Valores S.A.; and Banco Comafi S.A. as placement agents (collectively, the “Placement Agents”), in the issuance of: (i) series XIII notes for a nominal amount of AR$ 11,598,818,955 (the “Series XIII Notes”), and (ii) series XIV notes for a nominal amount of US$ 4,906,465 (the “Series XIV Notes” and, together with the Series XIII Notes, the “Notes”).
The Series XIII Notes are denominated and will be payable in Pesos, maturing on June 6th, 2026, with a floating interest rate equivalent to the TAMAR plus a 6,00% margin.
The Series XIV Notes are denominated in US dollars and will be payable in US dollars, in Argentina (Dollar MEP), maturing on December 6th, 2025, with a fixed interest annual rate of 6,50%.
Credicuotas will apply the net cash proceeds of the Series XIII and Series XIV 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 Urangaand associates Juan Manuel Simó, Ana Lucía Miranda and Ana Belén Heinrich.
