News

4 July 2023

Refinancing of Agrofina's Class X Notes

Pérez Alati, Grondona, Benites & Arntsen advised Agrofina S.A. in in the refinancing of the Class X notes, secured, at a fixed interest rate of 14.5%, with a nominal value of US$ 10,996. 922 (United States Dollars ten million nine hundred ninety-six thousand nine hundred twenty-two) issued on July 5, 2021 (the "Notes") under the global programme for the issuance of simple non-convertible notes, for a nominal value of up to US$80,000,000 (United States Dollars eighty million) (or its equivalent in other currencies) (the "Programme").

Agrofina, through a consent solicitation procedure (the “Procedure”), was able to obtain the agreement of the Holders of the Notes to modify certain terms and conditions of the issue, including the maturity date, the interest rate and the interest payment schedule. The consents were obtained on June 23, 2023.

Deal Counsel

Pérez Alati, Grondona, Benites & Arntsen.

Agrofina S.A., as issuer, and Alchemy Valores S.A., as financial advisor to the Procedure, have been advised by Pérez Alati, Grondona, Benites & Arntsen with the team led by partner María Gabriela Grigioni, and the participation of associate Nahuel Perez de Villarreal.

Counsel to Agrofina S.A.

In-house -Ileana Franquez and Lucas Divito.

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