Ángel Estrada y Compañía S.A. (AESA), a leading Argentine manufacturer of school and office stationery products, successfully completed the placement and issuance in the local market of Series 10 Notes for an aggregate amount of ARS$ 800,000,000 (the Series 10 Notes or the Notes).
AESA was advised by Marval O’Farrell Mairal; while Cohen S.A., Banco Santander Argentina S.A., Banco de Servicios y Transacciones S.A., Banco de Galicia y Buenos Aires S.A.U., Provincia Bursátil S.A., Facimex Valores S.A. and Allaria Ledesma & Cía. S.A., which acted as arrangers and placement agents (collectively, the Arrangers) and GMA Capital S.A., which acted as placement agent (together with the Arrangers, the Placement Agents), were advised by Pérez Alati, Grondona, Benites & Arntsen.
The Notes were issued on April 29, 2022, under the Non-Convertible Simple Notes Program for up to USD$ 30,000,000 (or its equivalent in other currencies or unit value) (the Program). Series 10 Notes, denominated and payable in Pesos, bear a variable interest rate corresponding to the sum of the ‘Badlar Privada’ Rate and a 4 % Cut-off Margin. The Notes will mature on April 29, 2023.
AESA has been competing globally for over 145 years, offering top quality products, supporting education and office related ideas and content, accompanying technological progress and making efficient use of its resources, maximizing value creation for clients, employees, shareholders, suppliers and the community, within a strictly ethical framework.
Legal advisors to Ángel Estrada & Compañía S.A.:
Marval O´Farrell Mairal: Partner Sergio Tálamo. Associate Marina Rotman.
Legal advisors to the Arranges and Placement Agents:
Pérez Alati, Grondona, Benites & Arntsen: Partner Diego Serrano Redonnet. Associates Nicolás Aberastury, Adriana Tucci. Paralegal, Joaquín López Matheu and Jerónimo Juan Argonz.
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