Zang, Bergel & Viñes Abogados advised Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (“Cresud ” or the “Company”) in the issuance of Series No XXXVII (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., Industrial and Commercial Bank of China (Argentina) S.A.U., Banco de la Provincia de Buenos Aires, Banco de la Ciudad de Buenos Aires, Nación Bursátil S.A., SBS Trading S.A. and Macro Securities S.A. as placement agents of The Notes (the “Placement Agents”).
On June 15, 2022, Cresud successfully completed the issuance of Series No XXXVII Notes and closed the exchange offer for a total face value of USD 24.388.036 (US Dollars twenty-four million three hundred and eighty-eight thousand and thirty-three), will bear an annual interest rate of 5.50%, payable on a bi-annual basis, at an issuance price of 100% of face value, and will mature on March 15, 2025.
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.
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