Beccar Varela advises on the issuance of Additional Class XIV and Class XV Notes by Banco Galicia

On September 19, 2024, Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”) issued Additional Class XIV Notes, simple, non-convertible into shares, unsecured, denominated, payable, and integrated in Pesos, for a nominal value of AR$9,256,962,511, and Class XV Notes, simple, non-convertible into shares, unsecured, denominated, payable, and integrated in Pesos, for a nominal value of AR$42,106,850,000.

The Notes were issued under the CNV Frequent Issuer Regime.

The Additional Class XIV Notes will mature on February 8, 2025, and bear interest at a floating annual nominal rate equivalent to the Badlar rate plus a margin of 4.5% nominal annual. Additionally, they will amortize 100% of the principal on their maturity date.

The Class XV Notes will mature on March 31, 2025, and will bear interest at an effective monthly rate of 3.95%. They will pay interest and amortize 100% of the principal on their maturity date. Furthermore, both the Additional Class XIV Notes and the Class XV Notes received a rating of “A1+(arg)” by FIX SCR S.A. on September 13, 2024. The Notes were authorized for trading on the Mercado Abierto Electrónico S.A. and Bolsas y Mercados Argentinos S.A.

In the issuance of the Additional Class XIV Notes and the Class XV Notes, Banco de Galicia y Buenos Aires S.A.U. acted as issuer and placement agent, while Galicia Securities S.A. and Inviu S.A.U. acted as placement agents. All parties involved in the transaction turned to Beccar Varela’s team, led by Luciana Denegri, with the participation of María Victoria Pavani, Julián Alejandro Ojeda, María Carolina Pilchik, and Carlos Saúl Lucero.