TCA Tanoira Cassagne advised PAYWAY S.A.U. in the issuance of the Financial Trust "Payway Cobro Acelerado Serie VI"
TCA Tanoira Cassagne acted as deal counsel in the issuance of the financial trust "PAYWAY COBRO ACELERADO SERIE VI" (the "Trust") for a total aggregate amount of $14,550,038,952, another issuance under "PAYWAY" Global Trust Securities Program for a maximum outstanding amount of up to US$100,000,000 (the "Program").
PAYWAY S.A.U. is a leading company that processes credit, debit and prepaid card transactions and provides secure network and payment technology solutions, as well as fraud prevention services.
TMF Trust Company (Argentina) S.A. acted as trustee and issuer and PAYWAY S.A.U. acted as trustor. Banco Macro S.A. acted as Arrangement agent of the Trust and Macro Securities S.A.U. and StoneX Securities S.A. acted as Placement agents of the Trust.
The trust securities were rated "AAAsf(arg)" the highest credit risk rating granted by FIX SCR S.A.
The purpose of the Trust is to finance the "Cobro Anticipado" service for PAYWAY S.A.U. customers. Through this functionality, merchants can advance the accreditation of their sales with credit cards and prepaid cards within 24 hours of the sale, so that they can receive the funds in advance.
Deal Counsel of the Transaction: TCA Tanoira Cassagne acted through a team led by partners Alexia Rosenthal and Jaime Uranga; and Associates Carolina Mercero and Stefanía Lo Valvo.
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