Pérez Alati, Grondona, Benites & Arntsen advised Mirgor S.A.C.I.F.I.A. (“Mirgor”) in the creation of the global program for the issuance for a maximum outstanding nominal value of up to USD 300,000,000 (the “Program”). Moreover, Pérez Alati, Grondona, Benites & Arntsen advised on the inaugural issuance of Mirgor's notes, concluded on July 30, 2024, which were issued in the Argentine capital markets under the Program, in two classes: (i) class I notes (the “Class I Notes”); and (ii) class II notes (the “Class II Notes” and together with the Class I Notes, the “Notes”).

Mirgor is a company with more than 40 years of experience, which covers different industries in Argentina: automotive, consumer electronics and telephony, retail, services, agriculture and livestock, steel trading, among others, highlighting in the manufacture of air conditioning equipment in the automotive industry; in the manufacture, production and commercialization of cell phones and televisions in the white goods industry; the provision of logistic and technical services and the performance of export operations related to the agricultural industry.

Class I Notes were issued for a total aggregate amount of ARS11,045,000,000, are denominated and payable in Pesos, with a floating interest rate equivalent to the Private Badlar plus a margin of 6.3%, maturing on July 30, 2025.

Class II Notes were issued for a total aggregate amount of USD 37,381,034, are denominated in US Dollars and payable in ARS at the Applicable Exchange Rate, at a fixed annual rate of 3.75%, maturing on January 30, 2026.

In the issuance of the Notes, Mirgor received legal advice from Pérez Alati, Grondona, Benites & Arntsen and financial advice from Empiria Consultores and First Corporate Finance Advisors S.A. Meanwhile, Bruchou & Funes de Rioja advised Banco Santander Argentina S.A., Banco de Galicia y Buenos Aires S.A.U. and First Corporate Finance Advisors S.A. as arrangers agents, and Banco Santander Argentina S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Patagonia S.A., Banco BBVA Argentina S.A., Balanz Capital Valores S.A.U., Puente Hnos. S.A., First Capital Markets S.A., Adcap Securities Argentina S.A., Macro Securities S.A.U., Max Capital S.A., Banco de Servicios y Transacciones S.A. and Industrial and Commercial Bank of China (Argentina) S.A.U. as placement agents. 

Legal advisors to placement agents:

Bruchou & Funes de Rioja: Partner Alejandro Perelsztein. Associates Ramón Augusto Poliche, Malena Tarrío and Gonzalo Vilariño.

Legal advisors to Mirgor:

Pérez Alati, Grondona, Benites & Arntsen: Partner Diego Serrano Redonnet. Counselor Alejo Muñoz de Toro. Associates Joaquín López Matheu, Juan Ignacio Rodríguez Goñi and Tamara Friedenberger.