We advised the placement agents on Arcor’s issuance of notes for US$50,000,000 and AR$69,767,390,000
Muñoz de Toro Abogados and Bruchou & Funes de Rioja acted as legal advisors in the issuance by ARCOR S.A.I.C., one of the main food producting companies in Argentina, of its (i) Series 5 Notes for a nominal value of US$50,000,000, denominated, paid-in and payable in US Dollars, at a fixed interest rate (the “Series 5 Notes”); and (ii) Series 6 Notes for a nominal value of $69,767,390,000, denominated, paid-in and payable in Argentine Pesos, at a variable interest rate (the “Series 6 Notes” and, together with the Series 5 Notes, the “Notes”), under the “Frequent Issuer Regime” (Régimen de Emisor Frecuente).
The Series 5 Notes will be due after 36 months from their issuance and settlement date, that is, on May 21, 2029, and will bear interest at a fixed annual interest rate of 5.25%, and will be repaid in a single payment on the maturity date. The Series 5 Notes were paid-in in US Dollars and/or in kind through the delivery of Series 2 Notes at the Exchange Ratio. The Series 6 Notes will be due after 15 months from their issuance and settlement date, that is, on August 21, 2027, and will bear interest at an annual variable interest rate equivalent to the sum of the Tasa Tamar Privada plus the Applicable Margin of 2.99% on their outstanding principal, and will be repaid in a single payment on the maturity date. The Series 6 Notes were paid-in in Argentine Pesos.
The Notes have been admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading on A3 Mercados S.A., being eligible by Euroclear Bank S.A./N.V. and/or Clearstream Banking Société Anonyme.
In the issuance, Banco de Galicia y Buenos Aires S.A., Banco Santander Argentina S.A., Balanz Capital Valores S.A.U., Banco Patagonia S.A., SBS Trading S.A., Facimex Valores S.A., Allaria S.A., Max Capital S.A., Macro Securities S.A.U., Petrini Valores S.A., Banco de la Provincia de Córdoba S.A., Invertir en Bolsa S.A., Banco de la Provincia de Buenos Aires and Puente Hnos. S.A. acted as placement agents(the “Placement Agents“).
Legal advisors to the Issuer:
Muñoz de Toro Abogados: team led by Ricardo Muñoz de Toro with the participation of Laura Gomes and Guillermina Muñoz de Toro.
Legal advisors to the Placement Agents:
Bruchou & Funes de Rioja: team led by Alejandro Perelsztein with the participation of Sebastián Pereyra Pagiari, Gonzalo Vilariño and Francisco Mendióroz.
