Grupo ST S.A. ("GRUPO ST") successfully completed the placement and issuance in the local market of: (i) variable rate Series 10 corporate notes, with a nominal value in Pesos of $1,743,800,000, due February 19, 2026, denominated, subscribed, integrated and payable in Pesos, in Argentina; and (ii) fixed nominal annual 6.00% interest rate Series 11 corporate notes, for a nominal value equivalent to US$ 8,400,662, due February 19, 2026, denominated in Dollars and subscribed, integrated and payable in cash in Pesos, in Argentina (jointly, the “Notes”). The Notes will amortize the principal in eight trimestral installments.
GRUPO ST and transaction agents Banco de Servicios y Transacciones S.A., SBS Trading S.A., Facimex Valores S.A., Banco Mariva S.A., Industrial Valores S.A., Macro Securities S.A.U., Banco Patagonia S.A., Banco Superville S.A. and Puente Hnos. S.A. were advised by Salaverri, Burgio & Wetzler Malbrán; while transaction agent Banco Santander Argentina S.A. was advised by Pérez Alati, Grondona, Benites & Arntsen.
The Notes were issued on February 19, 2024, under the Non-Convertible Simple Notes Program for up to USD$ 75,000,000 (Dollars seventy five million) (or its equivalent in other currencies or units of value) (the "Program").
The Notes have been admitted for listing in Bolsas y Mercados Argentinos S.A. panel, and authorized for its negotiation in the Mercado Abierto Electrónico S.A. Additionally, they have been locally rated on February 6th by FIX SCR S.A. Agente de Calificación de Riesgo as “A-.ar” with stable outlook (perspectiva estable).
Pérez Alati, Grondona, Benites & Arntsen team was: partner Diego Serrano Redonnet, together with counsellor Alejo Muñoz de Toro and associates Nahuel Perez de Villareal and Mora Mangiaterra Pizarro.
