News

9 April 2021

Pérez Alati, Grondona, Benites & Arntsen advised on Angel Estrada’s bond issuance

Ángel Estrada y Compañía S.A. ("AESA", or the "Issuer"), a leading Argentine manufacturer of school and office stationery products, successfully completed the placement and issuance in the local market of Series 8 Notes for an aggregate amount of ARS$ 374,777,777 (the "Notes Series 8" or the “Notes”).

AESA was advised by Marval O' Farrell Mairal; while Cohen S.A., Banco Santander Río S.A., Banco de Galicia y Buenos Aires S.A.U., Provincia Bursátil S.A., Banco de Servicios y Transacciones S.A. and Allaria Ledesma & Cía. S.A., which acted as placement agents (collectively, the "Placement Agents"), were assessed by Pérez Alati, Grondona, Benites & Arntsen.

The Notes were issued on March 31, 2021, under the Non-Convertible Simple Notes Program for up to USD$ 50,000,000 (or its equivalent in other currencies) (the "Program"). Notes Series 8, denominated and payable in Pesos, bear a variable interest rate corresponding to the sum of the ‘Badlar Privada’ Rate and a 5% Cut-off Margin. The Notes will mature on March 31, 2022.

AESA has been competing globally for over 145 years, offering top quality products, supporting ideas and content related to education and office, accompanying technological progress and making efficient use of its resources, maximizing value creation for clients, employees, shareholders, suppliers and the community, within a strictly ethical framework.

Legal advisors to Ángel Estrada & Compañía S.A.:

Marval O´Farrell Mairal: Partner Juan Manuel Diehl Moreno. Associates Sergio Tálamo, Jacqueline Berkenstadt and Marina Rotman.

Legal advisors to the Arranges and Placement Agents: Pérez Alati, Grondona, Benites & Arntsen: Partner Diego Serrano Redonnet. Associates Nicolás Aberastury, Nahuel Perez de Villarreal and Pablo Vidal Raffo.

Subscribe to our Newsletter

Stay updated by receiving our Legal News Alert that will provide you, in a quick and simple way,
with the latest regulatory changes as well as the most relevant news.

Subscribe

* indicates required
I hereby give my free and informed consent for the collection, processing, storage and/or use of my personal data (the "Personal Data") by Pérez Alati, Grondona, Benites & Arntsen. I understand that all assignment and/or transfer of my Personal Data will be made in full compliance with Law No. 25,326 and complementary regulations. The delivery of my Personal Data is voluntary. I understand that, as the owner of the Personal Data, I have the right to exercise, free of charge, the right of access, rectification or deletion of my Personal Data pursuant to Section 14, subsection 3 of Law No. 25,326 (as amended), by communicating to the following e-mail address news@pagbam.com. The AGENCY FOR ACCESS TO PUBLIC INFORMATION, Control Body of Law No. 25,326, has the power to deal with complaints and claims filed by those affected in theirs right due to breach of the Personal Data legislation in force.
You must fill the checkbox to suscribe.