Beccar Varela Advises FCA Compañía Financiera on Class XVIII Notes Issuance
December, 2020 - Buenos Aires, Argentina
Buenos Aires, December 3, 2020. Beccar Varela advised FCA Compañía Financiera S.A. on Class XVIII notes issuance, worth UVAs16.534.391, equivalent to AR$999,999,968 at the initial UVA value, carried out under the company’s Frequent Issuer Prospectus Registration No. 2 for the issuance of simple non-convertible shares, secured or unsecured, subordinated or unsubordinated, for a maximum nominal value of up to US$100 million (or its equivalent in other currencies, units of measure or units of value). In this issuance, FCA acted as issuer, Banco de Galicia y Buenos Aires S.A.U. as the organizer and co-placement agent and Banco Patagonia S.A. as co-placement agent.
Class XVIII notes issuance took place on November 13, 2020. They will accrue interest at a fixed annual interest rate of 3,5%. Their maturity date will be on November 13, 2022.
On November 4, 2020, FIX SCR S.A. locally rated Class XVIII notes as “AA(Arg)”. Authorization has been requested for listing and trading on Bolsas y Mercados Argentinos S.A. and Mercado Abierto Electrónico S.A. These notes are eligible by Euroclear Bank S.A./N.V.
Counsel to FCA Compañía Financiera and Banco Galicia:
- Beccar Varela: partner Luciana Denegri and associates María Victoria Pavani, María Inés Cappelletti, and Joaquín Vallejos.
