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 Patagonia S.A.; Cocos Capital S.A.; ACA Valores S.A.; Banco de Servicios y Transacciones S.A.U.; Banco Comafi S.A., Latin Securities S.A.; and Banco Hipotecario S.A. as placement agents (collectively, the “Placement Agents”), in the issuance of: (i) series XV notes for a nominal amount of AR$ 14,545,388,440 (the “Series XV Notes”), and (ii) series XVI notes for a nominal amount of US$ 16,391,576 (the “Series XVI Notes” and, together with the Series XV Notes, the “Notes”).
The Series XV Notes are denominated and will be payable in Pesos, maturing on September 9th, 2026, with a floating interest rate equivalent to the TAMAR plus a 9.50% margin.
The Series XVI Notes are denominated in US dollars and will be payable in US dollars, in Argentina (Dollar MEP), maturing on June 9th, 2025, with a fixed interest annual rate of 8.00%.
Credicuotas will apply the net cash proceeds of the Series XV and Series XVI 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 Manuel Simó and Ana Lucía Miranda.
