We advised the arrangers and placement agents on Morixe’s issuance of Notes for AR$8,662,427,468
ESTUDIO ARANGUREN AND BRUCHOU & FUNES DE RIOJA advised Morixe Hermanos S.A.C.I. as issuer; and Banco de Galicia y Buenos Aires S.A. and Banco Supervielle S.A. as arrangers and placement agents; and PP Inversiones S.A., Cocos Capital S.A., Banco de Servicios y Transacciones S.A.U., Invertironline S.A.U., Banco Comafi S.A., Balanz Capital Valores S.A.U. and Zofingen Securities S.A., as placement agents, in the issuance of AR$8,662,427,468 Class IV Notes due on 2028 with an interest rate of TAMAR plus a margin of 7.75%, under Morixe’s US$50,000,000 Global Notes Program (“Class IV Notes”).
Morixe is a high-quality Argentine food company with over 120 years of history, whose portfolio of consumer-oriented products is in full expansion. Initially established and dedicated to the milling of wheat for the manufacture of wheat flour from its plant in Benito Juárez, the company diversified its portfolio into higher value-added categories, such as breadcrumbs, coatings, oats, olive oil, olives, white corn flour and premixes, and accelerated its internationalization strategy through the acquisition of stakes in Gibur S.A. (Uruguay), Biomac S.R.L. (Argentina) and Intertrópico SL (Spain).
The Class IV Notes are listed in Bolsas y Mercados Argentinos S.A. (BYMA) and negotiated in the A3 Mercados S.A. (A3 Mercados).
Legal counsel to Morixe Hermanos S.A.C.I.
Estudio Aranguren: Partner José M. Aranguren
Legal counsel to the arrangers and placement agents
Bruchou & Funes de Rioja: Partner José María Bazán and Leandro Belusci, and Associates Ximena Sumaria Gutiérrez, Victoria Negro and Santiago Martin.
