Marval advised on the issuance of the “Elebar IV” financial trust

Marval O’Farrell Mairal acted as a legal advisor on the creation of the “ELEBAR” Program and on the issuance of fiduciary securities corresponding to the “Elebar IV” Financial Trust, issued under the “ELEBAR” Program, for a total of ARS 899,985,000.

The issuance took place on September 19, 2023. It included Trust Debt Class A Securities for a total of ARS 759,744,000; Trust Debt Class B Securities for ARS 104,990,000 and Trust Debt Class C Securities for ARS 35,251,000.

The transaction was authorized for public offering by the Argentine Securities Commission on September 11, 2023, and is listed in Bolsas y Mercados Argentinos SA.

The Trust Debt Class A Securities, Trust Debt Class B Securities, and Trust Debt Class C Securities have been qualified by FIX SCR SA Risk Rating Agent as A1+sf(arg), BBBsf(arg) and BBsf(arg), respectively.

Santa Mónica SA acted as settlor, administrator and collection agent. Banco de Valores SA acted as trustee, arranger, and underwriter; and Provincia Bursátil SA, First Capital Markets SA, and Banco de Servicios y Transacciones 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 associate Carmen Del Pino.