TCA Tanoira Cassagne advised PRISMA Medios de Pago in the first issuance of a financial trust in the local capital market


TCA Tanoira Cassagne acted as deal counsel in the creation of the program of trust debt securities “PAYWAY” (the “Program”) for a total aggregate amount of US$100,000,000 and the issuance of the first financial trust “PAYWAY COBRO ANTICIPADO SERIE I” (the “Trust”), under the Program for a total aggregate amount of Pesos 1,000,000,000, which were rated “AAAsf(arg)” by FIX SCR S.A.

Prisma Medios de Pago S.A.U. is a leading company that processes credit, debit and prepaid card transactions and provides secure network and payment technology solutions, as well as fraud prevention services.

TMF Trust Company (Argentina) S.A. acted as trustee and issuer and Prisma Medios de Pago S.A.U. acted as trustor. Banco Macro S.A. acted as Arrangement agent of the Trust and Macro Securities S.A.U. and StoneX Securities S.A. acted as Placement agents of the Trust.

The purpose of the Trust is to finance the Cobro Anticipado service for Payway customers. Through this functionality, merchants can advance the accreditation of their sales with credit cards and prepaid cards within 24 hours of the sale, so that they can receive the funds in advance.

Deal Counsel of the Transaction: TCA Tanoira Cassagne acted through a team led by partners Alexia Rosenthal and Jaime Uranga; and Associates Juan Sanguinetti, Mariana Troncoso, Carolina Mercero, Teófilo Trusso and Alejo Medici Raymundi.

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