We advised the placement agents on Farmacity’s inaugural bond issuance for US$15,000,000
TCA Tanoira Cassagne advised Farmacity S.A. (“Farmacity”), in the creation of its simple non-convertible notes program for a total amount in circulation at any time of US$100,000,000 (or its equivalent in other currencies or units of value or measure) (the “Program”), which authorization was granted by the National Securities Commission (the “CNV” for its acronym in Spanish) on July 30, 2025.
Within the scope of the Program, TCA Tanoira Cassagne advised Farmacity and Bruchou & Funes de Rioja advised Banco Santander Argentina S.A., Banco de Galicia y Buenos Aires S.A., Adcap Securities Argentina S.A., Allaria S.A. and PP Inversiones S.A., as placement agents (the “Placement Agents”), in the first issuance of Class I Notes for an amount of US$15,000,000 that will accrue interest at a fixed interest rate of 7.50%, maturing on May 11, 2029.
Farmacity is a leading player in the health and wellness sector in Argentina, driven by the dedication of its experienced pharmaceutical technical directors, nurses, and specialized teams. Farmacity is a business ecosystem that includes its network of pharmacies, Simplicity, Get The Look and The Food Market, complemented by its e-commerce channel.
Legal Counsel to Farmacity: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal andIgnacio Criado Díaz and Associates Juan Manuel Simó and Stefania Lo Valvo.
In-house Counsel of Farmacity: Andrea Gualde and Camila G. Resumil.
Legal counsel to the Placement Agents: Bruchou & Funes de Rioja through a team led by Partner Alejandro Perelsztein and Associates Sebastián Pereyra Pagiari and Victoria Negro.