TCA Tanoira Cassagne advised Apache S.A. (“Apache”) as issuer; Banco CMF S.A., Industrial Valores S.A., Banco de Servicios y Transacciones S.A.U., Banco Comafi S.A. and Banco Mariva S.A., as arrangers and placement agents; Capitusma S.A.S., as arranger and financial advisor and Ruggeri Bursátil, as financial advisor, in the issuance of Series I Class 1 notes under the Automatic Authorization Framework for Low-Impact Public Offerings for an aggregate amount of US$3,900,000, denominated and payable in U.S. Dollars in the Argentine Republic (Dollar MEP), maturing on March 31, 2028 and bearing interest at a fixed nominal annual rate of 6.75% (the “Notes”).
Furthermore, the transaction constituted one of the first cases of issuances of guaranteed notes denominated and payable in U.S. Dollars under the Automatic Authorization Framework for Low-Impact Public Offerings.
The Notes are fully guaranteed by Banco CMF S.A., Banco Industrial S.A., Banco de Servicios y Transacciones S.A.U., Banco Comafi S.A. and Banco Mariva S.A. as guarantee entities authorized by the National Securities and Exchange Commission (CNV for its acronym in Spanish).
Apache S.A. is an Argentine company engaged in the design, manufacture and commercialization of agricultural machinery, with a strong track record in the development of seeders and agricultural solutions. Based in the Province of Santa Fe, the company has evolved from its origins as an industrial venture into a recognized market player, offering high-technology, efficient and robust equipment.
Apache currently operates a modern industrial complex and maintains a production capacity focused on continuous improvement, enabling it to serve both domestic and international markets, with a presence in several countries across the Americas, Africa and Oceania.
Deal Counsel: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal and Ignacio Criado Díaz; and Associates Lucía Viboud Aramendi, Teófilo Trussoand Tobías Bonamico.
