Zang, Bergel & Viñes Abogados advised Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria ("Cresud " or the "Company") in the issuance of Series No XL (the "Notes") transaction, under its Global Notes Program (not convertible into shares) for up to USD 500,000.000 (US Dollars five hundred million) (or its equivalent in other currencies or units of value).
Pérez Alati, Grondona, Benites & Arntsen advised BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Supervielle S.A, Banco Santander Argentina S.A., Balanz Capital Valores S.A.U., Banco de la Provincia de Buenos Aires, SBS Trading S.A., Facimex Valores S.A., Invertir en Bolsa S.A., Puente Hnos S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., Latin Securities S.A., Max Capital S.A., Futuros y Opciones.com S.A. and Macro Securities S.A as placement agents of the Notes (the “Placement Agents”).
On December 21, 2022, Cresud successfully completed the placement and issuance of the Notes for an aggregate of USD $38,210,127, which will bear a fixed interest rate of 0%, at an issuance price of 100% of face value, and will mature on December 21, 2026.
The offer was directed to the local market and the Notes have been authorized for listing on Bolsas y Mercados Argentinos S.A. and for negotiation in the Mercado Abierto Electrónico S.A.
Counsel to CRESUD
Zang, Bergel & Viñes Abogados acted as counsel through partners Carolina Zang and María Angélica Grisolia and associate Nadia Dib.
Counsel to the Placement Agents
Pérez Alati, Grondona, Benites & Arntsen acted as legal advisor to the placement agents through partner Diego Serrano Redonnet, and associates Nicolás Aberastury, Nahuel Perez de Villarreal, Joaquín López Matheu and Jerónimo Juan Argonz.
