Tarjeta Naranja’s $57 Million Notes Offering

Beccar Varela advised Tarjeta Naranja and Galicia y Buenos Aires S.A.U., while Pérez Alati, Grondona, Benites & Arnsten advised the placement agents.

Tarjeta Naranja S.A. issued Class LI notes, simple, non-convertible into shares, payable in Pesos, carried out in two series, for a total nominal amount of AR$6,000,000,000 (the “Notes”). The issuance of the Notes was made under the company’s Global Program of up to US$1,000,000,000. 

Banco de Galicia y Buenos Aires S.A.U. acted as organizer and placement agent, while Banco Comafi S.A., Banco Patagonia S.A., Banco Santander Rio S.A., Industrial Valores S.A. and Macro Securities S.A. acted as placement agents (the “Placement Agents”).

Tarjeta Naranja S.A. is Argentina’s leading credit card company with approximately 4 million customers and is based in Córdoba, Argentina. The company, founded in 1985, also offers loan and insurance products. Tarjeta Naranja S.A. is a subsidiary of Tarjetas Regionales S.A It has 250 branches and commercial offices.

The Beccar Varela team was led by Luciana Denegri (Picture) with the participation of María Victoria Pavani, María Inés Cappelletti and Julián Ojeda.

The Pérez Alati, Grondona, Benites & Arnsten team was led by Diego Serrano Redonnet with the participation of Alejo Muñoz de Toro, Adriana Tucci and Joaquín López Matheu. 

Involved fees earner: María Inés Cappelletti – Beccar Varela; Luciana Denegri – Beccar Varela; Julián Ojeda – Beccar Varela; Maria Victoria Pavani – Beccar Varela; Joaquín López Matheu – Pérez Alati, Grondona, Benites & Arntsen; Alejo Muñoz del Toro – Pérez Alati, Grondona, Benites & Arntsen; Diego Serrano Redonnet – Pérez Alati, Grondona, Benites & Arntsen; Adriana Tucci – Pérez Alati, Grondona, Benites & Arntsen;

Law Firms: Beccar Varela; Pérez Alati, Grondona, Benites & Arntsen;

Clients: Banco Comafi S.A.; Banco de Galicia y Buenos Aires S.A.; Banco Patagonia SA ; Banco Santander Río S.A.; Industrial Valores S.A.; Macro Securities S.A.; Tarjeta Naranja S.A. ;