Marval O’Farrell Mairal acted as legal advisor in the creation of the second series of “Multiplycard Créditos” financial trust for ARS 344,045,891.
The transaction took place on November 10, 2022, and included the issuance of Trust Debt Class A Securities for a total amount of ARS 217,514,868, Trust Debt Class B Securities for a total amount of ARS 20,735,853, and Trust Debt Class C Securities for a total amount of ARS 105,795,170.
Multiplycard S.A. acted as settlor, administrator, and collection agent; TMF Trust Company (Argentina) S.A. acted as trustee and issuer; Banco Voii SA acted as arranger and placement agent; and BACS Banco de Crédito y Securitización S.A. as placement agent.
This transaction was authorized for public offering by the Argentine Securities and Exchange Commission and is listed in Bolsas y Mercados Argentinos S.A. and Mercado Abierto Electrónico S.A.
The Trust Debt Class A Securities, Trust Debt Class B Securities, and Trust Debt Class C Securities have been qualified by FIX SCR S.A. Risk Rating Agent as AAsf(arg), Asf(arg), and CCCcsf(arg), respectively.
Marval O’Farrell Mairal acted as legal advisor of the transaction through partner Sergio Tálamo and associates Federico Nahuel Pitarch and Carmen Del Pino.