Zang, Bergel & Viñes Abogados advised Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria ("Cresud " or the "Company") in the issuance of Series No XXXIX (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 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. and Banco Patagonia S.A. as placement agents of The Notes (the “Placement Agents”).
On August 23, 2022, Cresud successfully completed the placement and issuance of Series No XXXIX Notes for an aggregate of AR$ 5,122,470,588, and will bear a variable interest rate equal to the Private Badlar Rate (Tasa Badlar Privada) plus 1% per annum, payable on a quarterly basis, at an issuance price of 100% of face value, and will mature on February 23, 2024.
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 associates Cristian Bruno, Nadia Dib and Luis Lario Perfetto.
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, Adriana Tucci and Joaquín López Matheu.
