TCA Tanoira Cassagne advised Galerent S.A. as issuer, Cono Sur Inversiones S.A. as arranger and placement agent and Banco de Servicios y Transacciones S.A. as placement agent in the issuance of series I notes due on June 23th, 2026, denominated and payable in Argentine Pesos, for an aggregate amount of AR$960,000,000 and accruing a floating interest rate equal to the BADLAR rate plus a 8% margin (the “Notes”).
The Notes are fully guaranteed by Banco de Servicios y Transacciones S.A.; Fid Aval S.G.R.; Mills S.G.R.; Promover S.G.R.; Aval Rural S.G.R. and Aval AR S.G.R as Guarantee Entities duly authorized by the National Securities Commission (“CNV” for its acronym in Spanish).
Galerent S.A. is a technology company founded in 2015 that connects individuals seeking financial solutions with companies willing to offer these services. Its digital platform uses advanced algorithms and APIs to optimize processes.
Deal Counsel: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal and Jaime Uranga; and Associates: Carolina Mercero and Florencia Ramos Frean.
