TCA Tanoira Cassagne advised Estancia el Azul S.A. as issuer and Macro Securities S.A.U., Banco Comafi S.A., Banco Supervielle S.A. as arranger and placement agents and a Comafi Bursátil S.A. as placement agent in the issuance of the Series I Class II Notes for a par value of US$ 1,600,000 at a 113% of par value and a 0% rate, denominated in U.S. dollars, subscribed, integrated and payable in pesos, maturing on August 4, 2026 (the “Series I Class II Notes“).
The Notes were issued on August 4, 2023. The Notes are fully guaranteed by Banco Macro S.A., Banco Comafi S.A. and Banco Supervielle S.A. as Guarantee Entities authorized by the National Securities and Exchange Commission (CNV for its acronym in Spanish).
Estancia el Azul S.A. is a company dedicated to agricultural and livestock exploitation with production in the north of the country and that markets its products to well-known brands both nationally and internationally, mainly in neighboring countries.
Legal Counsel: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal and Jaime Uranga; and Associates: Lucía Viboud Aramendi, Federico Grieben and Agustín Poppi.