Cuotas Cencosud Serie VII’s $11 Million Notes Offering


Pérez Alati, Grondona, Benites & Arntsen advised on the transaction

Cuotas Cencosud Serie VII executed its offering of $11 Million Notes backed by Cencosud S.A. credits.

TMF Trust Company (Argentina) S.A. acted as trustee, Banco de Galicia y Buenos Aires S.A.U acted as led manager and SBS Trading acted as placing agent on the offering.

Cencosud SA is a multi-brand retailer in South America. The Company, led by Horst Paulmann Kemna, Andreas Gebhardt Strobel and Matias Videla, operates through a number of formats, including supermarkets, home improvement stores, shopping centers and department stores.

Pérez Alati, Grondona, Benites & Arntsen acted as legal counsel on the transaction with a team including María Gabriela Grigioni (Picture), Tomás Rago and Nahuel Perez de Villarreal.

Involved fees earner: María Gabriela Grigioni – Pérez Alati, Grondona, Benites & Arntsen; Nahuel Perez de Villarreal – Pérez Alati, Grondona, Benites & Arntsen; Tomás Rago – Pérez Alati, Grondona, Benites & Arntsen;

Law Firms: Pérez Alati, Grondona, Benites & Arntsen;

Clients: Banco de Galicia y Buenos Aires S.A.; Cencosud S.A.; SBS trade SA; TMF Trust Company;