Marval O’Farrell Mairal acted as deal counsel in Asserca SRL’s issuance of Series I Notes under the PYME CNV Guaranteed Regime

On June 12, 2025, Asserca SRL (Asserca)—an Argentine company specialized in the import of medical products—successfully completed its first issuance of notes under the Régimen PYME CNV Garantizada (PYME CNV Guaranteed Regime). This transaction represents a key milestone in the company’s strategy to diversify its funding sources and strengthen its growth.

The issuance involved Series I Notes, denominated and payable in ARS, bearing a variable interest rate equivalent to the TAMAR rate plus a 6% margin, for a total nominal amount of ARS 1,200 million, and maturing on June 12, 2027. The Series I Notes are fully guaranteed by Banco CMF SA, as guarantee entity authorized by the Argentine Securities Commission. The Series I Notes are listed on Bolsas y Mercados Argentinos SA (BYMA) and traded on the Mercado Abierto Electronico SA (MAE).

Banco CMF acted as arranger, placement agent, and guarantee entity in the transaction.

Marval O’Farrell Mairal advised Asserca on the public offering authorization under the PYME CNV Guaranteed Public Offering Regime and acted as deal counsel in the issuance of the Series I Notes. Marval’s team was led by partner Sergio Talamo, together with associates Juan Pablo Lentino, Agustin Ponti, Lautaro Penza, and Sebastian Swinnen.