TCA Tanoira Cassagne advises on a new issuance of Meridiano Norte’s Notes


TCA Tanoira Cassagne advised Meridiano Norte S.A. (“Meridiano Norte” or the “Company”), as issuer, and Banco de Servicios y Transacciones S.A. and Banco CMF S.A. as placement agents, in a new issuance of Meridiano Norte´s Notes for an aggregate amount of AR$700,000,000 (Argentine pesos seven hundred million) (the “Notes”), denominated and to be paid in argentine pesos, due on April 22, 2026, with a variable annual nominal interest rate equivalent to the Badlar Rate plus a margin of 0.00%. The Notes were issued on April 22, 2024.

The Notes are fully guaranteed by Banco de Servicios y Transacciones S.A. y Banco CMF S.A. as Guaranties Entity.

Meridiano Norte is a finance company which purpose is to grant working capital loans to different segments of companies in Argentina, mainly in City of Buenos Aires, Buenos Aires, Santa Fe, Córdoba and Mendoza. Its main products are check discounting and invoice discounting. The sectors or activities that Meridiano Norte supports with its operations are: manufacturing industry, construction, and wholesale and retail trade, among others.

Deal counsels:

TCA Tanoira Cassagne:Partners Alexia Rosenthal, Jaime Uranga and Ignacio Criado Díaz and Associates Carolina Mercero and Ana Lucía Miranda.

Related content