S.A. San Miguel A.G.I.C.I. y F. (the “Issuer” or “San Miguel”, indistinctively), a world leader in industrial lemon processing, successfully completed the issuance of series XII notes (the “Series XII Notes”), issued on February 6, 2025, under its global program for the issuance of notes for a par value of up to US$ 250,000,000. The Issuer will apply the funds obtained from the placement of the Series XII Notes to the financing of working capital and the refinancing of its short-term liabilities.
Based in the Province of Tucumán, San Miguel is the world leader in the processing of added-value citrus products, accounting for 15% of the global lemon grinding, including its operations in Uruguay and South Africa. San Miguel is recognized by more than 200 customers in over 50 countries as a reliable supplier of natural citrus ingredients with high-quality standards.
The Series XII Notes are denominated in U.S. dollars and payable in U.S. dollars in Argentina, were issued for a total aggregate amount of US$16,269,057, at an issue price of 100% of its nominal value, will accrue interest at a fixed interest rate of 9.50% per annum, and their maturity will be on February 6, 2027.
Pérez Alati, Grondona, Benites & Arntsen advised Banco Santander Argentina S.A. and Banco de Galicia y Buenos Aires S.A.U. as organizers and placement agents, and Balanz Capital Valores S.A.U., Puente Hnos. S.A., StoneX Securities S.A., Cohen S.A., Mills Capital Markets S.A., Bull Market Brokers S.A., Allaria S.A., Neix S.A., Banco Supervielle S.A., Invertironline S.A.U., Banco de la Provincia de Buenos Aires and PP Inversiones S.A., in their role as placement agents.
Legal Advisors to the arrangers and placement agents:
Pérez Alati, Grondona, Benites & Arntsen: Partner Diego Serrano Redonnet. Counselor Alejo Muñoz de Toro. Associates Juan Ignacio Rodriguez Goñi and Tamara Friedenberger.
