TCA Tanoira Cassagne advised Tecnovax in the approval of its Global Notes Program and in the issuance of Green Notes

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TCA Tanoira Cassagne (“TCA”) advised Tecnovax S.A. (“Tecnovax”) a biotechnological company dedicated to the research, development, production and commercialization of vaccines and immunotherapies for animal health, in the access to the public offering regime for bond issuance and the creation of the global program for notes issuance of up to USD19,000,000 (or its equivalent on other currencies) (the “Program”).

Within the scope of the Program, TCA advisedTecnovax, as issuer, and StoneX Securities S.A. as arranger and placement agent in the issuance of: (i) Series I Class 1 Green Notes due on January 13th, 2025, for an aggregate amount of AR$ 647,500,000 and accruing a floating interest rate equal to the BADLAR rate plus a 5% margin; and (ii) Series I Class 2 Green Notes, issued in US$, integrated and payable in Argentine Pesos, due on July 13th, 2026, for a nominal value of US$ 3,094,444, tendered at 0,00% rate (jointly, the “Notes”).

The Notes were issued aligned with the four main components of the International Capital Market Association’s Green Bond Principles, and according to the “Guidelines for the Issuance of Social, Green and Sustainable Marketable Bonds in Argentina” and under the provisions of the Social, Green and Sustainable Bonds Guide of the Argentine Stock Exchange and Markets Panel (ByMA).

The issuance date of the Notes took place on July 13th, 2023.

Deal Counsel of the Transaction: TCA Tanoira Cassagne: Partners Alexia Rosenthal and Jaime Uranga and Associates Lucía Viboud Aramendi, Juan Manuel Simó and Federico Grieben.

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