NOVEMBER 11, 2021

Beccar Varela advises on Hijos de Salvador Muñoz Class I Notes’ issuance.



Buenos Aires, November 11th, 2021. On November 4th, Hijos de Salvador Muñoz S.A. (“Salvita” or “HSM”, indistinctly) carried out its first notes’ issuance in the local capital market with Class I notes, denominated in US Dollars, to be integrated and payable in Argentine Pesos, for a total nominal amount of US$6,327,130 (“Class I Notes”).

Class I Notes were issued within the company’s Global Program for the Issuance of Simple Notes, not convertible into shares, for an outstanding nominal value of up to US$50 million. These notes will accrue interest at a nominal annual fixed rate equivalent to 3% and will amortize its principal in three quarterly payments starting on May 4th, 2023, maturing on November 4th, 2023.

Class I Notes were locally rated “A-(arg)” by FIX SCR S.A.; they have been admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading at Mercado Abierto Electrónico S.A.

In this notes issuance, Hijos de Salvador Muñoz S.A. acted as issuer. The company turned to Beccar Varela’s team, led by Luciana Denegri, also comprised of associates María Victoria Pavani and Julián Ojeda. Allaria Ledesma & Cia S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Itaú Argentina S.A., Banco Santander Río S.A., Banco Supervielle S.A., Futuros del Sur S.A. and Itaú Valores S.A. acted as placement agents. They were counselled by Pérez Alati, Grondona, Benites & Arnsten’s team, led by Diego Serrano Redonnet, assisted by Alejo Muñoz del Toro and Adriana Tucci.