04 Dec 2025

Marval O’Farrell Mairal Advises Angel Estrada y Compañia SA on ARS 3,881,863,746 Additional Series 17 Note Issuance

"Marval O’Farrell Mairal advised Angel Estrada y Compañia SA (AESA) on the placement and issuance in Argentina of Additional Series 17 Notes for ARS 3,881,863,746 under AESA’s global simple-notes program. Banco de Servicios y Transacciones SAU acted as organizer and placement agent; Balanz Capital, Facimex, Invertir en Bolsa, Banco Mariva, Banco Provincia, BACS, Cohen, Adcap Securities Argentina and Allaria acted as placing agents. Notes pay ARS at TAMAR+11.49%; issued Nov 28, 2025."

Marval O’Farrell Mairal advised Angel Estrada y Compañia SA (AESA) as issuer; Banco de Servicios y Transacciones SAU as organizer and placement agent; and Balanz Capital Valores SAU, Facimex Valores SA, Invertir en Bolsa SA, Banco Mariva SA, Banco de la Provincia de Buenos Aires, BACS Banco de Credito y Securitizacion SA, Cohen SA, Adcap Securities Argentina SA and Allaria SA as placing agents. Angel Estrada y Compañia SA (AESA), a leading Argentine manufacturer of school and office stationery products, successfully completed the placement and issuance in the local market of Additional Series 17 Notes for a nominal value of ARS 3,881,863,746. These Additional Series 17 Notes were issued in addition to AESA’s original Class 17 notes, which bore a variable interest rate and had a nominal value of ARS 2,509,986,666 maturing on April 3, 2026. The Series 17 Additional Notes were issued on November 28, 2025 under AESA’s global program for the issuance of simple notes (non-convertible into shares) for up to V/N USD 30,000,000 or its equivalent in other currencies. The notes are denominated and payable in Argentine pesos (ARS) and accrue a variable interest rate equal to the TAMAR rate plus a margin of 11.49%. The public offering of the Series 17 Additional Notes was conducted using the flexibilities introduced by CNV General Resolution 1073/2025, which makes updating the prospectus after the approval of financial statements for a new fiscal year optional. Marval O’Farrell Mairal represented client Angel Estrada y Compañia SA (AESA) with a team composed by: Sergio Talamo (partner), Pedro Maria Azumendi (associate) and Lautaro Penza (associate).
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