Pérez Alati, Grondona, Benites & Arntsen advised Agrofina S.A. (“Agrofina”) in in the refinancing and modification of certain terms and conditions of the Class X notes, secured, at a fixed interest rate of 12%, 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).
Agrofina, following a consent solicitation procedure, was able to obtain the necessary amount of agreements of the holders of the Notes to modify certain terms and conditions of the issuance, including the maturity date, the dates and timing of the amortization, the interest rate, the interest payment schedule and the inclusion of the possibility of early redemption, in whole or in part, by Agrofina. The consents were obtained on June 24, 2024.
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 associates Nahuel Perez de Villarreal and Juan Ignacio Rodriguez Goñi.
The refinancing also involved Agrofina’s in-house counsels Ileana Franquez and Lucas Divito.
