Meranol S.A.C.I. (“Meranol” or the “Company”) a chemical company of German origin based in Argentina, dedicated to the production and commercialization of industrial chemical products, successfully completed the placement and issuance in the local market of Notes Class 21 and Notes Class 22.
TCA Tanoira Cassagne has assisted Meranol S.A.C.I., as issuer, in the issuance of Notes issued in two classes: (i) Notes Class 21 due on January 19th, 2024, for an aggregate amount of AR$ 224,665,994 and accruing a floating interest rate equal to the Badlar rate plus a 9.50% margin; (ii) Notes Class 22 due on January 19th, 2025, with a nominal value of USD 3,934,560, integrated and payable in Pesos and were tendered at 4% rate, with interests payable half yearly (jointly, the “Notes”) and (ii) the increase of the amount of the Global Notes Program up to US$ 19,500,000 (or its equivalent in other currencies). Likely, TCA Tanoira Cassagne has legally assisted the Placement Agent and Underwriters.
The issuance date of the Notes was on January 19th, 2023.
The Notes are listed in Mercado Abierto Electrónico S.A.
Arranger: StoneX Securities S.A.
Placement Agents: StoneX Securities S.A., Allaria Ledesma & Cía. S.A., Max Capital S.A. and BACS Banco de Crédito y Securitización S.A.
Deal Counsel of the Transaction: TCA Tanoira Cassagne: Partners Alexia Rosenthal and Jaime Uranga and Associates Ignacio Nantes, Mariana Troncoso, and Carolina Mercero.