TCA Tanoira Cassagne advised Navarro S.A. (“Navarro” or the “Company”) as issuer and Balanz Capital Valores S.A.U., Banco CMF S.A. and Banco Supervielle S.A. as arrangers and placement agents (the “Arrangers and Placement Agents”) in the issuance of (i) the Series I Class 1 Notes for a nominal value of US$290,128 denominated in US Dollars, to be integrated and payable in pesos at a fixed annual nominal interest rate of 9.5% and Class 2 for a nominal value $987,500,000 denominated, integrated and payable in pesos, at a variable annual nominal interest rate equivalent to the Badlar Rate plus a margin of 8.5%. The Notes were issued on October 29, 2024 and will mature on October 29, 2024.
The Notes are fully guaranteed by Banco CMF S.A. and Banco Supervielle S.A. as Guarantee Entities duly authorized by the National Securities Commission (“CNV” for its acronym in Spanish).
Navarro is a company dedicated to the commercialization of agricultural machinery and implements of John Deere and PLA by John Deere brands. It is also dedicated to the sale of spare parts and accessories, repair shop and maintenance of machinery in the branches of Cnel. Pringles, Cnel. Suarez, Daireaux, Pedro Luro and Bahía Blanca, providing integrated solutions services in precision agriculture.
Deal counsels
TCA Tanoira Cassagne:Partners Alexia Rosenthal and Jaime Uranga, and Associates Juan Sanguinetti, Carolina Mercero, Stefania Lo Valvo and Arturo Amos.
