We acted as sole legal adviser in the Unicred Factoring XI financial trust

Cooperativa de Crédito y Vivienda Unicred Ltda., acting as administrator and settlor and TMF Trust Company (Argentina) S.A., as trustee, securitized invoices, through the creation of the Unicred Factoring XI financial trust under the Global Program “Unicred Asset Backed Securities” and the issuance of securities for a total amount of ARS 300,000,000.

The issuance took place on November 25, 2020, including class A debt securities for ARS 248,000,000, class B debt securities for ARS 14,000,000 and certificates of participation for ARS 38,000,000. AdCap Securities Argentina S.A. acted as arranger and underwriter and Banco Supervielle S.A., Industrial Valores S.A. and Allaria Ledesma & Cía. S.A. acted as underwriters.

The 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.

Marval O’Farrell Mairal acted as sole legal advisor of the transaction through a team consisting of partner Roberto E. Silva, Jr., and associate Martín I. Lanús.