Beccar Varela advises on Promedon’s first Notes’ Issuance.

May, 2023 - Buenos Aires, Argentina

Buenos Aires, May 29th, 2023. On April 20th, Promedon S.A. issued its first Notes Issuance (Series I Notes) under the PYME CNV Garantizadas regime (SME Guaranteed Regime). Series I-Class II Notes, issued for a total nominal amount of US$3,714,491, will mature on April 20th, 2026, and will not accrue interest. In addition, the principal of the Notes will be amortized in three payments structured as follows: the first payment at 24 months for 33% of its capital, the second payment at 30 months for 33% of its capital, and the third payment at 36 months for 34% of its capital.

Series I Notes were admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading at Mercado Abierto Electrónico S.A.

The notes are guaranteed by Banco Comafi S.A., Banco de la Provincia de Córdoba S.A., Banco de Servicios y Transacciones S.A., and Banco Supervielle S.A. Additionally, Dracma S.A., Supervielle Agente de Negociación S.A.U, and Comafi Bursátil S.A. acted as placement agents along with the guarantee entities.

In this Notes Issuance, all parties involved turned to Beccar Varela’s team, led by Luciana Denegri, who was assisted by Julián Ojeda and María Belén Tschudy.