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 additional series XI notes (the “Additional Series XI Notes”), issued on November 25, 2024, under its global program for the issuance of notes for a par value of up to US$ 250,000,000. The funds obtained from the placement of the Additional Series XI Notes will be applied to the financing of working capital and the refinancing of the Issuer’s 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. 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 Additional Series XI Notes were issued for a total aggregate amount of US$ 16,072,840, are denominated in U.S. dollars, payable in U.S. dollars in Argentina; at a fixed annual rate of 9,50%, maturing on October 14, 2026.
Except for the date of issuance and settlement, the issuance price and the date of its integration, the Additional Series XI Notes have the same terms and conditions as the series XI notes issued by San Miguel on October 14, 2024, for a par value of US$ 18,037,687, constituting a single series and are fungible amongst themselves.
San Miguel was advised by Nicholson y Cano Abogados, while 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 StoneX Securities S.A., Cohen S.A., Balanz Capital Valores S.A.U., Mills Capital Markets S.A., Puente Hnos. S.A., Bull Market Brokers S.A., Allaria S.A., PP Inversiones S.A., Neix S.A., and Banco Supervielle S.A., as placement agents.
Legal Advisors to the organizers and placement agents:
Pérez Alati, Grondona, Benites & Arntsen: Partner Diego Serrano Redonnet. Counsel Alejo Muñoz de Toro. Associates Juan Ignacio Rodriguez Goñi and Tamara Friedenberger.
