Marval Advises on the Issuance of the “Elebar V” Financial Trust

Marval O’Farrell Mairal acted as a legal advisor on the creation of the “ELEBAR” Program and the issuance of fiduciary securities corresponding to the “Elebar V” Financial Trust, issued under the “ELEBAR” Program, for a total of ARS  757,029,000.

The issuance took place on March 1, 2024. It included Trust Debt Class A Securities for a total amount of ARS 645,000,000, Trust Debt Class B Securities for a total amount of ARS 82,104,000, and Trust Debt Class C Securities for a total amount of ARS 29,925,000.

The transaction was authorized for public offering by the Argentine Securities Commission on February 23, 2024, and is listed in Bolsas y Mercados Argentinos SA.

The Trust Debt Class A Securities, Trust Debt Class B Securities, Trust Debt Class C Securities have been qualified by FIX SCR SA Risk Rating Agent as A1+, BBB, and BB, respectively.

Santa Monica SA acted as settlor, administrator, and collection agent. Banco de Valores SA acted as trustee, arranger, and underwriter; and Provincia Bursatil SA, First Capital Markets SA, Banco de Servicios y Transacciones SA, and Banco CMF SA acted as underwriters.

Marval O’Farrell Mairal acted as legal advisor for the transaction through a team led by partner Sergio Tálamo, together with associates Agustin Alejo Centurion, Carmen Del Pino, and Lautaro Penza.