Beccar Varela advises on Metalfor’s PYME CNV Series I Notes Issuance.
July, 2023 - Buenos Aires, Argentina
Buenos Aires, July 10th, 2023. On June 22nd, Metalfor S.A. issued the PYME CNV Series I Notes. The issuance was carried out under the global program for the issuance of simple notes, non-convertible into shares, with a nominal value in circulation of up to US$19,844,444 (or its equivalent in other currencies, measurement units, and/or units of value), under the SMEs regime (the PYME CNV regime).
These Notes will mature on June 22nd, 2025. They will accrue interest at a fixed annual nominal rate of 2% – paying interest quarterly- and will amortize their principal in three consecutive payments of 33%, starting from 18 months, counted as from the issuance date.
On May 30th, 2023, FIX SCR S.A. Rating Agency locally rated the Notes “A(arg)”, listed on Bolsas y Mercados Argentinos S.A. and authorized for trading at Mercado Abierto Electrónico S.A.
In this Notes Issuance, Banco Supervielle S.A. and Banco de Galicia y Buenos Aires S.A.U. acted as organizers and placement agents, while Adcap Securities Argentina S.A., Allaria S.A., Balanz Capital Valores S.A.U., Inviu S.A.U., Invertir en Bolsa S.A., Max Capital S.A., Petrini Valores S.A., PP Inversiones S.A., and Supervielle Agente de Negociación S.A.U. acted as placement agents. The organizers, placement agents, and Metalfor S.A. turned to Beccar Varela’s team, led by Luciana Denegri, who was assisted by Julián Ojeda and Franco Scervino.
