Beccar Varela advises on Prear’s notes issuance
September, 2017 - Buenos Aires, Argentina
Buenos Aires, September 18th, 2017. Beccar Varela advised PREAR Pretensados Argentinos S.A. on its Class II Notes’ issuance, for a nominal value of up to AR$25 million, which could be increased up to AR$75 million. The issuance took place on August 15, 2017. The issuer placed AR$50 million under the company’s Global Program for short, medium and long-term notes with a maximum global nominal value of up to US$30 million (or its equivalent in other currencies). In this transaction, Banco Supervielle S.A. acted as organizer and placement agent.
Class II Notes have a maturity of 18 months as from their issue date; their maturity will take place on February 15th, 2019 and will accrue interest at a variable rate.
FIX SCR S.A. has locally rated Class II Notes “BBB + (arg)”. These notes have been listed on Bolsas y Mercados Argentinos S.A. and have been admitted to trading on Mercado Abierto Electrónico S.A.
Beccar Varela advised both the issuer (Prear) and the organizer and placement agent (Banco Supervielle) with its team led by partner Javier L. Magnasco and junior partner Luciana Denegri, with the participation of associates María Victoria Pavani and María Eugenia Benítez.
