Buenos Aires, December 26, 2024. On December 19, 2024, Hijos de Salvador Muñoz S.A. (“Salvita” or “HSM,” interchangeably) issued its third class of notes, divided into two series, under its Global Program of up to USD 50,000,000 (the “Notes”). The Notes are payable in U.S. Dollars in Argentina.
The series I Notes were issued for a nominal value of USD 1,382,752. They will mature on June 19, 2026, and accrue interest at a fixed nominal annual rate of 7.50%. The principal of the series I Notes will be repaid in a single installment equal to 100% of the principal on the maturity date.
The series II Notes were issued for a nominal value of USD 7,929,057. They will mature on December 19, 2027, and accrue interest at a fixed nominal annual rate of 9%. The principal of the series II Notes will be repaid in a single installment equal to 100% of the principal on the maturity date.
The Notes were locally rated “A(arg)” by FIX SCR S.A. Agente de Calificación de Riesgo (afiliada de Fitch Ratings) on December 12, 2024. They have been admitted for listing on Bolsas y Mercados Argentinos S.A. (BYMA after its Spanish acronym) and authorized for trading on Mercado Abierto Electrónico S.A. (MAE after its Spanish acronym).
For the issuance of the Class III Notes, Banco de Galicia y Buenos Aires S.A.U. and Banco Santander Argentina S.A. acted as organizers and placement agents, while Allaria S.A., Banco Supervielle S.A., GMC Valores S.A., Macro Securities S.A.U., and Neix S.A. acted as placement agents, and were all advised by Pérez Alati, Grondona, Benites & Arntsen’s team led by Diego Serrano Redonnet, with the participation of Alejo Muñoz de Toro, Nahuel Perez de Villarreal, Joaquín López Matheu and Juan Ignacio Rodriguez Goñi.
