Deal · Argentina
TCA Tanoira Cassagne advises Meranol in the issuance of Notes
Meranol S.A.C.I. ("Meranol" or the "Company") a chemical company of German origin based in Argentina, dedicated to the production and commercialization of industrial chemical products, successfully completed the placement and issuance in the local market of Notes Class 25.
Meranol S.A.C.I. ("Meranol" or the "Company") a chemical company of German origin based in Argentina, dedicated to the production and commercialization of industrial chemical products, successfully completed the placement and issuance in the local market of Notes Class 25.
TCA Tanoira Cassagne has assisted Meranol S.A.C.I., as issuer, in the issuance of Notes Class 25 due on 2025, July 13, for an aggregate amount of AR$1,700,000,000 and accruing a floating interest rate equal to the Badlar rate plus a 10% margin (the "Notes").
The issuance date of the Notes was on May 13th, 2024.
The Notes are listed in Mercado Abierto Electrónico S.A.
Coordinator to the issuance: StoneX Securities S.A.
Placement Agents: StoneX Securities S.A., Allaria S.A., Banco de Galicia y Buenos Aires S.A.U., Banco de la Provincia de Buenos Aires. and Banco Supervielle S.A.
Deal Counsel of the Transaction: TCA Tanoira Cassagne: Partners Alexia Rosenthal and Jaime Uranga and Associates Ignacio Nantes, Carolina Mercero and Mariana Troncoso.
TanoiraCassagne.com
About Meranol (Meranol.com.ar)
Meranol is the first national producer of Aluminum Sulfate (since 1942) and the second producer of Sulfuric Acid in Argentina, critical products for water and effluent treatment, the first in its coagulant function and the second in its PH regulation function. The company has more than 30 products in its portfolio, more than 350 regular customers, and more than US$ 50 million invested in the country.
At its state-of-the-art plant in Dock Sud, Buenos Aires, Meranol markets solid sulfur and industrializes it to produce intermediate stages (molten and filtered sulfur), which it offers to the market and uses as raw material to produce sulfuric acid. This production plant is one of the main nodes of the integrated production chain, which is demanded by most of the country’s industrial sector and, in turn, uses it as an intermediate product in the integrated production matrix for the production of solid and liquid aluminum sulfate with other raw materials (aluminum hydroxide and bauxite) and also to produce iron oxides (pigments).
