13 August 2021

Issuance of Negotiable Obligations of Ledesma for a nominal value of 3 billion pesos

Ledesma S.A.A.I., an Argentinean agro-industrial company, carried out the Issuance of Negotiable bonds for a total nominal value of AR$3,000,000,000, within the framework of its global program for the issuance of simple negotiable bonds for a nominal value of up to US$ 150,000,000. The proceeds will be employed to working capital and to the refinancing of short-term debt bonds.

The tender of the negotiable bonds was oversubscribed, receiving offers that reached the amount of AR$ 4,004,800,000..

The bonds were issued on July 27, 2021 and are denominated and payable in Argentine pesos, with a variable interest rate ; maturing on May 27, 2022.

Ledesma was advised by Nicholson y Cano Abogados, while Pérez Alati, Grondona, Benites & Arntsen advised the placement agents: Banco Santander Río S.A., Banco de Galicia y Buenos Aires S.A.U. -which also acted as organizers together with Banco Macro S.A.-, Macro Securities, Balanz Capital Valores S.A.U, and Banco BBVA Argentina S.A.

With over one hundred years of history, Ledesma is a leading company in the production of sugar and paper, and with an important participation in the markets of citrus fruits and juices, alcohol, bioethanol, meat, cereals and syrups and corn starches. Committed to the country's development, Ledesma employs nearly 7,000 people, most of whom work in Jujuy, the province where Ledesma was born and where it owns 40,000 hectares for harvesting its main raw material: sugar cane.

The issuance was performed in record time and, thanks to the cooperation of the Placement Agents and the Legal Advisors involved, the company was able to take advantage from the opportunities offered by the local capital markets and to access a very competitive financing scheme.

Advisors of S.A. Ledesma S.A.A.I.:

Nicholson y Cano Abogados: Partner Marcelo Villegas. Associates Gonzalo Rivas Orozco and Dario Pessina.

Advisors to the Organizers and Placement Agents:

Pérez Alati, Grondona, Benites & Arntsen: Partner Diego Serrano Redonnet. Associates Nicolás Aberastury, Nahuel Pérez de Villarreal, Adriana Tucci and Paralegal Jerónimo Juan Argonz.

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