23 Dic 25 Cerolini & Ferrari advised on a new issuance of Crédito Directo Notes

Agustín L. Cerolini, Martín Chindamo, Valentina Circolone and Tomás Mingrone.

Cerolini & Ferrari Abogados advised Crédito Directo S.A. (”Directo”), as issuer, and Banco de Servicios y Transacciones S.A.U., as arranger and placement agent, and Banco Patagonia S.A., Provincia Bursátil S.A., Nuevo Chaco Bursátil S.A., Industrial Valores S.A., GMC Valores S.A., Adcap Securities Argentina S.A., Cocos Capital S.A., Facimex Valores S.A., Balanz Capital Valores S.A.U., PP Inversiones S.A. and ST Securities S.A.U. as placement agents, in the issuance of the class XXX notes (the “Notes”).

On December 22th 2025, Directo issued the Notes under its global programme for the issuance of negotiable obligations up to VN US$ 100,000,000,000, for a nominal value of $ 10,701,275,155, maturing in June 2026, at a variable interest rate equivalent to the Private Tamar Rate, plus a cut-off margin of 7,5%, payable quarterly, the principal of which shall be repaid in full on the maturity date.

The Notes were offered to the general public in the local market and have been authorized for listing in Bolsas y Mercados Argentinos S.A. and for trading in A3 Mercados S.A.

Directo’s core business is the provision of financial assistance to individuals through the granting of personal consumer loans mainly to finance the purchase of motorbikes, household appliances, electronic products, appliances and furniture through different indirect distribution channels, such as department and chain shops and retail outlets throughout Argentina.

In-house legal counsels to Banco de Servicios y Transacciones S.A.U.

Ana Vea Murguia.

External legal counsel to Directo, the Arranger and the Placement Agents

Cerolini & Ferrari Abogados

Partners Agustín L. Cerolini and Martín Chindamo, and associates Valentina Circolone and Tomás Mingrone.