Marval O’Farrell Mairal advises on the issuance of the Waynimovil X Financial Trust
After advising on the 9th series, Marval O’Farrell Mairal acted as legal advisor on the issuance of the 10th series of the Waynimovil financial trust for ARS 3,919,000,000, under the Waynimovil Program, which securitizes 100% digital loans. The transaction took place on May 12, 2025, and included the issuance of trust debt securities Class A for a total amount of ARS 2,944,000,000, trust debt securities Class B for a total amount of ARS 780,000,000, and trust debt securities Class C for a total amount of ARS 195,000,000.
Waynicoin SA acted as settlor, trustee, administrator, and Collection Agent; BACS Banco de Credito y Securitizacion SA as trustee, arranger and underwriter, Worcap SA as arranger and Rosental SA, Banco de Servicios y Transacciones SA, Provincia Bursatil SA, and Adcap Securities Argentina SA, as underwriters. Under the same structure as the previous issuance, the securitized assets of Waynimovil X consist of 100% digital format granted loans represented by private instruments executed electronically.
The securities were authorized for public offering by the Argentine Securities Commission and are listed in Bolsas y Mercados Argentinos SA and A3 Mercados SA (formerly: Mercado Abierto Electronico SA).
Marval O’Farrell Mairal acted as legal advisor to the transaction through partner Sergio Talamo and associate Lautaro Penza. Solange Spinelli and Pablo Vidal Raffo acted as in-house legal advisors for BACS Banco de Credito y Securitizacion SA.