TCA Tanoira Cassagne advised Meridiano Norte S.A. (“Meridiano Norte” or the “Company”), as issuer, and a Banco de Servicios and Transacciones S.A. y Banco CMF S.A. as placement agents, in the first issuance of Meridiano Norte´s Notes for an aggregate amount of AR$300,000,000 (Pesos three hundred million) (the “Notes”), denominated and to be paid in pesos, due on August 11, 2025, with a variable annual nominal interest rate equivalent to the Badlar Rate plus a margin of 5,00%. The Notes were issued on August 11, 2023.
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 and Jaime Uranga, and Associates Ignacio Criado Díaz, Carolina Mercero andAlejo Medici Raymundi.
