Asociados Don Mario’s $60 Million Series V Notes Offering


Beccar Varela and Tanoira Cassagne Abogados advised on the deal.

Don Mario S.A. executed its Series V notes issuance, carried out under the company’s Global Program for a nominal value up to US$60,000,000, or its equivalent in other currencies.

Series V Notes, issued on September 8th, 2020, worth US$7,811,810, will accrue interest at an annual fixed rate of 2,5%; their due date will take place on September 8th, 2024. Though these Notes were denominated in US Dollars, they were subscribed and will be payable in Argentine Pesos at the exchange rate provided for the offering documents (dollar-linked). FIX SCR S.A. rated them “A+(arg)” on August 31st, 2020.

Series V Notes are listed on Bolsas y Mercados Argentinos S.A. and authorized for its negotiation at Mercado Abierto Electrónico S.A., being eligible by Euroclear Bank S.A./N.V.

DONMARIO is a family-owned and operated brand, brought to market in the US by two families in the seed industry.

Beccar Varela advised Asociados Don Mario S.A., acting as issuer, with a team led by partner Luciana Denegri (Picture), assisted by associates María Victoria Pavani and Maria Inés Cappelletti.

Don Mario S.A.’s In-house lawyers are Daniel Micheloud and Agustín Herrera Vegas.

Tanoira Cassagne Abogados counseled Banco de Galicia y Buenos Aires S.A.U. and Banco Itaú Argentina S.A., acting as organizers and placement agents, and Allaria Ledesma & Cía S.A., Itaú Valores S.A. and StoneX Securities S.A. (under registration process, formerly INTL CIBSA S.A.), acting as placement agents, with partners Alexia Rosenthal and Jaime Uranga and associates Rocío Carrica, Ignacio Criado Díaz, Carolina Demarco and Mariana Troncoso.

María Cecilia Victoria acted as In-house lawyer for Banco Itaú Argentina S.A. e Itaú Valores S.A.

Banco de Galicia y Buenos Aires S.A.U. In-house lawyers are Enrique Cullen and Patricia Araujo.

Allaria Ledesma & Cía S.A. In-house lawyer is Gonzalo Sánchez López.

StoneX Securities S.A. In-house lawyers are Adriana Luzzetti and Flavia Dómina.

Involved fees earner: María Inés Cappelletti – Beccar Varela; Luciana Denegri – Beccar Varela; Maria Victoria Pavani – Beccar Varela; Rocío Carrica – Tanoira Cassagne; Ignacio Criado Díaz – Tanoira Cassagne; Carolina Demarco – Tanoira Cassagne; Alexia Rosenthal – Tanoira Cassagne; Mariana Troncoso – Tanoira Cassagne; Jaime Uranga – Tanoira Cassagne;

Law Firms: Beccar Varela; Tanoira Cassagne;

Clients: Allaria Ledesma & Cia SA; Asociados Don Mario S.A.; Banco de Galicia y Buenos Aires S.A.; Banco Itaú Argentina S.A.; INTL CIBSA S.A.; Itaú Valores S.A.;

Author: Ambrogio Visconti.