We advised the placement agents on the issuance of Notes by Arcor for US$43,370,436 and for AR$55,408,498,875
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-producing companies in Argentina, of its (i) Series 7 Notes for a nominal value of US$43,370,436, denominated and payable in US Dollars, at a fixed interest rate (the “Series 7 Notes”); and (ii) Series 8 Notes for a nominal value of AR$55,408,498,875, denominated, paid-in and payable in Argentine Pesos, at a variable interest rate (the “Series 8 Notes” and, together with the Series 7 Notes, the “Notes”), under the “Frequent Issuer Regime” (Régimen de Emisor Frecuente).
The Series 7 Notes will mature 36 months after their issuance and settlement date, that is, on October 5, 2029, will bear interest at a fixed annual interest rate of 5.69%, and will be repaid in a single payment on the maturity date. The Series 7 Notes were paid-in in US Dollars in Argentina and/or in kind through the delivery of Series 2 Notes at the Exchange Ratio. The Series 8 Notes will mature 18 months after their issuance and settlement date, that is, on April 5, 2028, will bear interest at an annual variable interest rate equivalent to the sum of the Tasa TAMAR Privada plus the Applicable Margin of 4.95% on their outstanding principal, and will be repaid in a single payment on the maturity date. The Series 8 Notes were paid-in in Argentine Pesos. The Notes have been rated “AAA.ar” by Moody’s Local AR Agente de Calificación de Riesgo S.A.
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., Banco de la Provincia de Córdoba S.A., Macro Securities S.A.U., Banco de la Provincia de Buenos Aires, One618 Financial Services S.A.U., Banco BBVA Argentina S.A., Banco Comafi S.A., Banco de Servicios y Transacciones S.A.U. and Adcap Securities Argentina 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 Javier Vilariño and Francisco Mendióroz.
