04 Jun 26 Cerolini & Ferrari advised Forte Car on its first issuance of corporate notes under the medium-impact automatic authorization regime.
Agustín L. Cerolini, Martín Chindamo and Tomás Mingrone
Cerolini & Ferrari Abogados advised Forte Car S.A. (the “Issuer”) on its first issuance of hard dollar notes under the Medium-Impact Automatic Authorization Regime, for an aggregate principal amount of US$ 4,200,000 (the “Notes”). The issuance of the Notes took place on June 3, 2026, at a fixed nominal annual interest rate of 8%, and at an issue price of 100% of the principal amount.
The transaction highlights the potential of the Medium-Impact Automatic Authorization Regime as a tool to facilitate local companies’ access to the capital markets in a simpler, faster and more efficient manner.
The Issuer’s principal business consists of the sale of new and used vehicles, spare parts and accessories, as well as after-sales services, as an official Chevrolet (General Motors) dealership. The company operates a network of eight (8) branches located in the cities of Junín, Pergamino, San Nicolás de los Arroyos, Chivilcoy, 9 de Julio, Coronel Suárez, Olavarría and Trenque Lauquen, all within the Province of Buenos Aires.
The offering was addressed to qualified investors in the local market, and the Notes were authorized for listing and trading on A3 Mercados S.A. (A3) and for listing on Bolsas y Mercados Argentinos S.A. (ByMA).
Banco de Servicios y Transacciones S.A.U. acted as arranger of the transaction. In turn, Banco de Servicios y Transacciones S.A.U. and ST Securities S.A.U. acted as placement agents for the Notes.
External legal counsel to the Issuer, the arranger and the placement agents:
Cerolini & Ferrari Abogados
Partners Agustín L. Cerolini and Martín Chindamo and associate Tomás Mingrone.