TCA Tanoira Cassagne advised Construir S.A. (“Construir” or the “Company”), as issuer, and Adcap Securities Argentina S.A., Banco Comafi S.A., Balanz Capital Valores S.A.U., and Allaria Ledesma & Cía S.A. as placement agents in the issuance of PyMEs CNV Guaranteed Series V Notes for an aggregate amount of $400,000,000 (the “Notes”), denominated and to be paid in pesos, due on April 4, 2025, with a variable annual nominal interest rate equivalent to the Badlar Rate plus a margin of 3.85%. The Notes were issued on April 4, 2023.
The Notes are fully guaranteed by Banco Comafi S.A, Argenpymes S.G.R., Potenciar S.G.R. and Acindar Pymes S.G.R. as Guaranty Entities duly authorized by the Argentinean Securities Exchange Commission (CNV).
Construir is a national leader in the development and construction of housing solutions. It currently develops, builds and delivers real estate products in seven Argentinian provinces (Córdoba, Mendoza, San Juan, Tucumán, Neuquén, Salta and Chubut).
Deal counsels:
TCA Tanoira Cassagne:Partners Alexia Rosenthal and Jaime Uranga, and Associates Juan Sanguinetti, Carolina Mercero, Teofilo Trusso and Juan Manuel Simó.
