22 Jun 26 Cerolini & Ferrari advised on a new issuance of Crédito Directo Notes

Agustín L. Cerolini, Martín Chindamo, Tomás Mingrone and Marcos Mc Lean

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., Cocos Capital S.A., GMC Valores S.A., SBS Trading S.A., Industrial Valores S.A., Adcap Securities Argentina S.A., Balanz Capital Valores S.A.U., Zofingen Securities S.A. and Banco Hipotecario S.A. as placement agents, in the issuance of the class XXXI notes (the “Notes”).

On June 19th 2026, 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 $ 12.702.713.110, maturing in June 2027, at a variable interest rate equivalent to the Private Tamar Rate, plus a cut-off margin of 7%, payable quarterly, the principal of which will be amortised in three instalments.

The Notes were offered to qualified investors 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 Murguía.

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

Cerolini & Ferrari Abogados

Partners Agustín L. Cerolini and Martín Chindamo, and associates Tomás Mingrone and Marcos Mc Lean.