We advised the arrangers and the placement agents on Arcor S.A.I.C.’s issuance of Notes for AR$65,681,200,000
Bruchou & Funes de Rioja and Muñoz de Toro Abogados provided legal and financial advisory in the issuance of ARCOR S.A.I.C., one of the main food producers in Argentina, of its Series 23 Notesfor an amount of AR$65,681,200,000 (the “Series 23 Notes”), under the Arcor´s MTN Program for the Issuance of Notes for an amount of up to US$1,200,000,000 (or its equivalent in other currencies or units of value).
The Series 23 Notes will be due after 12 months as from its issuance date on June 11th, 2025 (the “Series 23 Notes due date”) and will bear interest at a variable annual rate equal to the sum of the Badlar Rate plus the Applicable Margin of 4.25% and will be repaid in a single payment due on the Series 23 Notes due date. Fix Argentina and Moody’s Argentina have rated the Series 23 Notes as “A1 + (ARG)” and “ML A-1.ar”, respectively.
The Notes have been admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading on the Mercado Abierto Electrónico S.A.
Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., Macro Securities and Banco Patagonia S.A. acted as arrangers and placement agents of the issuance (the “Arrangers and Placement Agents“), and Balanz Capital Valores S.A.U., Facimex Valores S.A., Puente Hnos. S.A., SBS Trading S.A., TPCG Valores S.A.U., Banco de la Provincia de Córdoba S.A., Banco BBVA Argentina S.A. and Latin Securities S.A., acted as local placement agents of the issuance.
The legal and financial advisory
Legal advisors to the Arrangers and Placement Agents:
Bruchou & Funes de Rioja‘s Banking & Capital Markets Department team led by Alejandro Perelsztein with the participation of Leandro E. Belusci, Facundo Suárez Loñ and Gonzalo Vilariño.
Legal advisors to Arcor S.A.I.C.:
Muñoz de Toro Abogados: team led by Ricardo Muñoz de Toro with the participation of Laura Gomes and Guillermina Muñoz de Toro.
