TCA Tanoira Cassagne advised AutoFerro S.R.L. as issuer and PP Inversiones S.A., Banco BBVA Argentina S.A., Banco Comafi S.A., and Banco de Galicia y Buenos Aires S.A. as placement agents, in the issuance of the Series I Notes under the Automatic Authorization Framework for Low-Impact Public Offerings with a nominal value of ARS 4,000,000,000; denominated and payable in Argentine Pesos, which will accrue interest at a floating rate equal to the TAMAR rate plus a -1.03% margin, maturing on June 25, 2028 (the “Notes”).
The Notes are fully guaranteed by Banco Galicia, Banco BBVA Argentina S.A., and Banco Comafi S.A., in their capacity as guarantee institutions authorized by the National Securities and Exchange Commission (CNV for its acronym in Spanish).
Autoferro S.R.L. is a company with more than 60 years of presence in the Argentine automotive industry. The company has participated in the representation and commercial development of some of the most recognized brands in the local and international markets, including Toyota, BMW, Honda, Nissan, Land Rover, MG and Seat, consolidating recognized expertise in the management of large-scale automotive operations.
Deal counsels: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal and Ignacio Criado Diaz, and Associates Teófilo Trusso and Ignacio Larreguy.
Financial Advisors to AutoFerro: LV Capital S.A.
