TCA Tanoira Cassagne advised Ferretera Central JT S.R.L. (“Ferretera Central”) as issuer, and Banco Supervielle, Banco Comafi, Banco de la Provincia de Córdoba as organizers and placement agents in the issuance of the following: series I notes with a nominal value of $540,000,000, denominated and payable in Argentine Pesos, which will accrue interest at a floating rate equal to the BADLAR rate plus a 8.50% margin, maturing on April 25, 2026 (the “Notes”).
The Notes will be issued on October 25, 2024; and are fully guaranteed by Banco Supervielle, Banco Comafi, Banco de la Provincia de Córdoba and Garantizar as Guaranteeing Entities authorized by the National Securities and Exchange Commission (CNV for its acronym in Spanish).
Ferretera Central is a family-owned business founded in 2012, dedicated to the sale of hardware items and electrical materials, primarily aimed at wholesalers. Ferretera Central serves a wide range of top-level clients, located across 10 provinces in the country, with a plans to expand by 2024. Ferretera Central markets its products in the provinces of Córdoba, Buenos Aires, Santa Fe, La Pampa, San Luis, Mendoza, San Juan, La Rioja, Santiago del Estero. Among the products offered by Ferretera Central are domestic products, such a: fasteners, water pipes, gas pipes, screws, and hand tools.
Legal Counsel: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal, Jaime Uranga and Ignacio Criado Díaz; and Associates: Juan Manuel Simó and Juan Francisco Tineo.
