3 October 2022

Hijos de Salvador Muñoz S.A.’s second Notes’ Issuance

On September 28, Hijos de Salvador Muñoz S.A. ("Salvita" or “HSM”, indistinctly) issued in the local capital market, the class II Series I of notes, denominated in U.S. Dollars, to be integrated and payable in Pesos, for a total nominal amount of US$ 10,000,000 (the “Class II Series I Notes”). The issuance of Class II Series I Notes was made under the company’s Global Program of up to US$ 50,000,000. 

The Class II Series I Notes, maturing on September 28, 2024, will accrue no interest and will amortize its principal in three quarterly payments, the first for 33% of the principal to be realized on March 28, 2024, the second for 33% of the principal to be realized on June 28, 2024 and the last for the remaining 34% of the principal to be realized in the maturity date. 

In addition, Class II Series I Notes have been locally rated “A-(arg)” by FIX SCR S.A., admitted for listing in Bolsas y Mercados Argentinos S.A. and authorized for trading in the Mercado Abierto Electrónico S.A. 

In the issuance of Class II Series I Notes, Hijos de Salvador Muñoz S.A. acted as issuer and was advised by the team of Beccar Varela led by Luciana Denegri with the participation of María Victoria Pavani, Julián Ojeda, María Belén Tschudy and Tomás Cappellini. On their behalf, Allaria Ledesma & Cia S.A., Banco de Galicia and Buenos Aires S.A.U., Banco Itaú Argentina S.A., Banco Santander Argentina S.A., Banco Supervielle S.A., Macro Securities S.A., and Zulu Valores S.A acted as placement agents and Supervielle Agente de Negociación S.A.U., Itaú Valores S.A. and Galicia Securities S.A. acted as sub-placement agents and were advised by the team of Pérez Alati, Grondona, Benites & Arnsten lead by Diego Serrano Redonnet with the participation of Alejo Muñoz de Toro and Adriana Tucci.

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