26 June 2024

Angel Estrada’s new bond issuance

Angel Estrada y Compañia SA (AESA), a leading Argentine manufacturer of school and office stationery products, successfully completed the placement and issuance in the local market of Series 16 Notes for an aggregate amount of ARS 4,086,753,854.

AESA was advised by Marval O’Farrell Mairal. Banco de Galicia y Buenos Aires SAU—which acted as arranger and placement agent—and placement agents Cohen SA, Banco Santander Argentina SA, Banco de Servicios y Transacciones SA, Balanz Capital Valores SAU, Facimex Valores SA, Allaria SA, Banco BBVA Argentina SA, Invertir en Bolsa SA, GMA Capital SA, Banco de la Provincia de Buenos Aires SA, and BACS Banco de Credito y Securitizacion SA were advised by Perez Alati, Grondona, Benites & Arntsen.

The Notes were issued on June 13, 2024, under the non-convertible simple notes program for up to USD 30,000,000 (or its equivalent in other currencies). Series 16 Notes, denominated and payable in Pesos, bear a variable interest rate corresponding to the sum of the ‘Badlar Privada’ Rate and the 8% cut-off margin. The Notes will mature on June 13, 2025.

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.

Perez Alati, Grondona, Benites & Arntsen’s team was led by Partner Diego Serrano Redonnet, together with Counselor Alejo Muñoz de Toro and Associates Nahuel Perez de Villarreal and Tamara Friedenberger.

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