Legal counsel to Colgas S.A. in the establishment of its global program for the issuance of SME CNV guaranteed notes (obligaciones negociables PYME CNV garantizadas) for up to UVA 20,000,000 (or its equivalent in other currencies or units of value), created under the public offering regime with automatic authorization for low-impact issuances, and to the issuer and the placement agents in the first issuance under such program, consisting of the Class I SME CNV Guaranteed Notes, in an aggregate principal amount of ARS 3,000,000,000. The Notes are denominated, paid in and payable in Argentine Pesos, bear interest at a floating rate and mature 24 months after the issue and settlement date. They have a nominal value of ARS 1 each and are fully guaranteed by Garantizar S.G.R.
GMC Valores S.A. acted as arranger, placement agent and settlement agent, while Banco de Galicia y Buenos Aires S.A, BiBank S.A., and Zofingen Securities S.A. acted as placement agents.