Compañía Financiera Argentina’s $5.9 Million Notes Offering

Beccar Varela advised on the deal.

Compañía Financiera Argentina S.A. issued Class XXIV Notes in two Series (II and III), simple, not convertible into shares, not guaranteed, denominated in Pesos and to be integrated and payable in Pesos, for a nominal value of $210,000,000 (Series II) and $472,000,000 (Series III). The issuance was carried out within the framework of the Global Program of up to US$250,000,000.

Series II Notes will mature on September 6th, 2023, accruing interest at a variable rate (Badlar Rate plus a cut-off margin of 7.5%), while Series III Notes will mature on June 6th, 2022, accruing interest at a fixed annual nominal rate of 43%.

Compañía Financiera Argentina S.A. acted as issuer and placement agent, while Banco Patagonia S.A and Industrial Valores S.A. acted as organizers and placement agents.

Beccar Varela advised all parties in the transaction with a team led by partner Luciana Denegri (Picture), assisted by associates María Victoria Pavani, María Inés Cappelletti and Julián Ojeda. 

Involved fees earner: María Inés Cappelletti – Beccar Varela; Luciana Denegri – Beccar Varela; Julián Ojeda – Beccar Varela; Maria Victoria Pavani – Beccar Varela;

Law Firms: Beccar Varela;

Clients: Compañía Financiera Argentina S.A.;