Beccar Varela advises on Ecofactory on its first Notes’ issuance

On August 12, 2024, Ecofactory S.R.L. (“Ecofactory”) completed its first issuance of Negotiable Obligations under the PYME CNV Guaranteed regime.

The Negotiable Obligations were issued with a total nominal value of AR$ 468,222,200.

The maturity date for the Negotiable Obligations will be August 12, 2025, and they will accrue interest at a variable rate, which will be the sum of the Badlar Private Rate plus a margin of 2.90% per annum. Additionally, 100% of the principal will be amortized on the maturity date.

Furthermore, the Negotiable Obligations align with the ICMA (International Capital Market Association) Green Bond Principles of 2021 and were rated as 'BV 2' by UNTREF, Public University Risk Rating Agency, on June 19, 2024.

In the issuance of the Negotiable Obligations, Ecofactory acted as the issuer, while Banco Comafi S.A., Banco de Galicia y Buenos Aires S.A.U., and Banco Supervielle S.A. served as organizers, placement agents, and guarantor entities. Comafi Bursátil S.A. acted as the placement agent. All parties involved in the transaction turned to Beccar Varela’s team led by Luciana Denegri, and comprised of associates of Julián Alejandro Ojeda, Martina Puntillo, and Carlos Nicolás Saúl Lucero.·