We advised the placement agents on Arcor’s issuance of Notes for US$ 68,415,046 and AR$ 33,329,185,012
Bruchou & Funes de Rioja and Muñoz de Toro Abogados acted as legal advisors in the issuance by ARCOR S.A.I.C., one of the main food produces in Argentina, of its Series 26 Notes for a nominal value of US$68,415,046 (the “Series 26 Notes”) and its Series 27 Notes for a nominal value of AR$33,329,185,012 (the “Series 27 Notes” and, together with the Series 26 Notes, the “Notes”), under the company’s Global Program for the Issuance of Simple Notes for a nominal value of up to US$1,200,000,000 (or its equivalent in other currencies or units of value).
The Series 26 Notes will be due after 24 months from their issuance and settlement date, that is, on May 9, 2027, and will bear interest at a fixed annual nominal rate of 6.75% on their outstanding principal and will be repaid in a single payment on the maturity date of the Series 26 Notes. Fix Argentina has rated the Series 26 Notes as “AAA (arg)” with a “stable” outlook. The Series 27 Notes will be due after 12 months from their issuance and settlement date, that is, on May 9, 2026, and will bear interest at a variable annual rate equal to the sum of (a) the Tasa Tamar Privada plus (b) the Applicable Margin of 2.74% and will be repaid in a single payment on the maturity date of the Series 27 Notes. Fix Argentina has rated the Series 27 Notes as “A1+(arg)”.
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 Societé Anonyme.
Banco de Galicia y Buenos Aires S.A.U., Banco Patagonia S.A., Banco Santander Argentina S.A., Macro Securities S.A.U., Banco BBVA Argentina S.A., SBS Trading S.A., Invertir en Bolsa S.A., Banco de la Provincia de Córdoba S.A., Balanz Capital Valores S.A.U., Puente Hnos. S.A., Petrini Valores S.A., Banco Comafi S.A.,and Banco de la Provincia de Buenos Aires acted as local placement agents of the issuance (the “Placement Agents“).
Legal advisors to the Placement Agents:
Bruchou & Funes de Rioja‘s Banking & Capital Markets team led by Alejandro Perelsztein with the participation of Leandro E. Belusci, Sebastián Pereyra Pagiari and Francisco Mendióroz.
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.
