Bomchil and Marval advise on PSA Finance Argentina’s triple-series notes issuance

In a significant capital markets transaction, Bomchil and Marval O’Farrell Mairal provided legal counsel on PSA Finance Argentina’s successful issuance of three distinct series of notes totaling over ARS 24.5 billion and 12 million UVA. Issued under PSA’s Global Notes Program on December 19, 2025, the placement strategically diversifies the company’s working capital through a mix of UVA-denominated, variable-rate, and fixed-rate instruments.

Bomchil advised PSA Finance Argentina Compañía Financiera S.A. ("PSA") while Marval O’Farrell Mairal advised the arrangers and placement agents as well as the placement agents on the issuance of (i) Series N° 34 Notes denominated in Units of Purchasing Power (UVA, as per its Spanish acronym), subscribed and payable in Argentine Pesos at a fixed interest rate of 8.89%, maturing in December 2027, for a total amount of 12,066,894 UVA (the "Series 34 Notes"); (ii) Series N° 35 Notes denominated and payable in Argentine Pesos at a variable interest rate represented by the arithmetic sum of the Tasa Mayorista Argentina (TAMAR, for its Spanish acronym) Private Rate and the Cut-Off Margin (4.24%), maturing in December 2026, for a total amount of ARS 13,788,245,454 (the "Series 35 Notes") and (iii) Series N° 36 Notes denominated and payable in Argentine Pesos at a fixed effective monthly interest rate of 2.65% maturing in September 2026, for a total amount of ARS 10,800,000,000 (the "Series 36 Notes" and together with Series 34 Notes and Series 35 Notes, the "Notes").

The issuance took place on December 19, 2025, under PSA’s Global Notes Program. The proceeds from the placement of the Notes will be used as working capital in Argentina for a better administration of proceeds and to maximize the benefits arising from such issuance.

Banco BBVA Argentina S.A. and Banco de Galicia y Buenos Aires S.A. took part as arrangers and placement agents while Banco Patagonia S.A., Banco Comafi S.A., Banco Santander Argentina S.A., Allaria S.A. and Macro Securities S.A.U. participated as placement agents.

The notes were authorized for listing on Bolsas y Mercados Argentinos S.A. and for trading on A3 Mercados S.A.

Advisors to PSA Finance Argentina Compañía Financiera S.A.:
Bomchil: Partner: María Victoria Funes. Associates: Francisco Diskin and Lourdes María Aguirre.

Advisors to the Arrangers and to the Placement Agents:
Marval O’Farrell & Mairal: Partner: Sergio Tálamo. Associates: Pedro María Azumendi and Lautaro Penza.

marval.com - bomchil.com