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.

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