Tanoira Cassagne Abogados
Argentina , December 11, 2019
Tanoira Cassagne advises on debt issuance of Meranol
Tanoira Cassagne Abogados has assisted Meranol S.A.C.I., as issuer, in the issuance of Notes in two classes: (i) Notes Class 7 for the amount of 125,462,289 Argentine Pesos; and (ii) Notes Class 8 for the amount of 1,265,000 US Dollars.
The transaction, which closed on December 02th, 2019, was carried out under the 500 million Argentine Pesos Notes Global Program.
Notes Class 7 are due on June 04th, 2021, and were tendered at 11.50% over BADLAR rate, with interests payable half yearly.
Notes Class 8 are due on December 04th, 2021, and were tendered at 9.90% rate, with interests payable half yearly.
Banco Ciudad de Buenos Aires, INTL CIBSA S.A. and Banco de Valores S.A. and Allaria Ledesma S.A. acted as Placement Agents
The Notes are listed at the Bolsa y Mercados Argentinos S.A. (Buenos Aires Stock Exchange) and in Mercado Abierto Electrónico S.A.
Legal counsel to the issuance: Tanoira Cassagne Abogados: Partners Alexia Rosenthal and Jaime Uranga and Associates Ignacio Nantes, Belén Azimonti and María Belén López Domínguez.