TCA Tanoira Cassagne advised Georgalos Hnos S.A.I.C.A. as issuer; Banco Comafi S.A., Banco Supervielle S.A. and Banco de Galicia y Buenos Aires S.A.U. as arrangers, placement agents and guarantors; and Comafi Bursátil S.A. and Supervielle Agente de Negociación S.A.U. as co-placement agents. as co-placement agents, and Pérez Alati, Grondona, Benites & Arntsen advised Banco Santander Argentina S.A. as arranger and placement agent in the issuance of the Series II Class 1 Notes for a par value of $261,392,793, denominated, integrated and payable in pesos, at a margin of 1.90%, maturing on February 22, 2026 (the “Series II Class 1 ONs“); and Series II Class 2 Notes, for a nominal amount of ARS$4,367,482, denominated in US dollars, to be subscribed and paid in pesos at the initial exchange rate and payable at the applicable exchange rate, at an interest rate of 4.00%, maturing on February 22, 2027 (the “Series II Class 1 ONs” and collectively “ONs “). The ONs were issued on February 22, 2022.
The Notes are guaranteed by Banco Comafi S.A., Banco Supervielle S.A., Banco de Galicia y Buenos Aires S.A.U., and Banco Santander Argentina S.A. as Guarantee Entities authorized by the National Securities Commission (CNV).
Founded in 1939, Georgalos is one of the most iconic and famous companies within the local market, owner of numerous products such as Flynn Paff, Tokke, Mantecol and Nucrem, among several others.
Legal Advisors to the issuer, Banco Comafi S.A., Banco Supervielle S.A. Banco de Galicia y Buenos Aires S.A.U., Comafi Bursátil S.A. and Supervielle Agente de Negociación S.A.U.: TCA Tanoira Cassagne through its team of Partners Alexia Rosenthal and Jaime Uranga; and Associates: Ignacio Criado Díaz, Pilar Domínguez Pose, Juan Manuel Simó and Matías Molina.
Legal Advisors to Banco Santander Argentina S.A.:Pérez Alati, Grondona, Benites & Arntsen lead by its Partner Diego Serrano Redonnet with the participation of its Associates: Alejo Muñoz de Toro, Joaquín López Matheu and Mora Mangiaterra Pizarro.