30 Sep 26 Cerolini & Ferrari advised on the issuance of Series II negotiable obligations by Armoraut S.A. and the issuance of Series I negotiable obligations by Dietrich S.A.
Agustín Cerolini, Martín Chindamo, Valentina Circolone and Marcos Mc Lean
TCA Tanoira Cassagne advised Dietrich S.A. as issuer (the “Issuer”), and Cerolini & Ferrari Abogados advised Banco de Galicia y Buenos Aires S.A. in its capacity as arranger, placement agent and guarantee entity (the “Arranger, Placement Agent and Guarantee Entity”), in the issuance of Series I notes for an aggregate amount of AR$1,500,000,000, denominated and payable in Argentine Pesos, maturing on September 29, 2028 and which will accrue interest at a floating rate equal to the Private TAMAR Rate plus a 0,00% margin, issued under the Low-Impact Public Offering Regime with Automatic Authorization (the “Notes”).
The Notes are fully guaranteed by Banco de Galicia y Buenos Aires S.A. as Guarantee Entity authorized by the National Securities and Exchange Commission (CNV for its acronym in Spanish).
DIETRICH S.A. is a company engaged, since 1977, in the commercialization of motor vehicles as an official dealer of the Volkswagen brand.
Legal Counsel of the Issuer: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal and Ignacio Criado Diaz; and Associates Juan Manuel Simó and Camila Groshaus.
Legal Counsel of the Arranger, Placement Agent and Guarantee Entity: Cerolini & Ferrari Abogados through a team led by Partners Agustin Cerolini and Martín Chindamo and Associates Valentina Circolone and Marcos McLean.