Marval O’Farrell Mairal Advises on a Successful PSA Finance Argentina Compañía Financiera SA New Issuance Under its Global Program

Marval O’Farrell Mairal advised the arrangers, underwriters, and placement agents in the issuance of Series 29 notes, denominated and payable in ARS at a fixed interest rate of 2.74%, which will mature in September 2025, for a total amount of ARS 11,655,555,556; and in the issuance of Series 30 notes, denominated and payable in ARS at a variable interest rate represented by the arithmetic sum of the Tasa Mayorista Argentina (TAMAR) private rate and the cut-off margin (3.25%), which will mature in June 2026, for a total of ARS 8,344,444,444.
The issuance took place on December 23, 2024, under PSA’s Global Program. The proceeds from the placement of the notes will be used as working capital to grant new secured loans and leases to acquire vehicles, finance the stock of the dealership network, and/or refinance liabilities.
Banco BBVA Argentina SA and Banco de Galicia y Buenos Aires SAU acted as arrangers and underwriters. Banco Patagonia SA, Banco Comafi SA, Banco Santander Argentina SA, and Max Capital SA acted as placement agents.
The notes were authorized for listing on Bolsas y Mercados Argentinos SA and for trading on Mercado Abierto Electronico SA.
The Marval O'Farrell Mairal team was formed by partner Sergio Tálamo and associates Juan Pablo Lentino and Lautaro Penza.