NOVEMBER 11, 2021

Beccar Varela advises on Agrofina’s XXVI financial trust.

PRESS

PRESS RELEASE

Buenos Aires, November 11th, 2021.

Beccar Varela advised Agrofina S.A. on the structuring of Agrofina XXVI Trust, created under the Secuval II Program (the “Trust”), and on the debt securities issuance under the Trust, carried out for a total amount of AR$496,687,205 on November 1st, 2021.

The Trust issuance comprises two Classes of trust debt securities. Class A was issued for the amount of AR$438,693,330, at an annual nominal variable rate equivalent to the private BADLAR rate plus 100 basis points, with a minimum of 35% and a maximum of 45%, rated A1sf(arg) by FIX SCR S.A. Risk Rating Agent “Affiliate of Fitch Ratings” (“Fix”) on October 14th, 2021. Class B was issued for AR$57,993,875, at an annual nominal variable rate equivalent to the private BADLAR rate plus 200 basis points, with a minimum of 36% and a maximum of 46%, rated A2sf(arg) by Fix on the same date.

Banco de Valores S.A. acted as financial trustee, custodian agent, organizer, and placement agent in this issuance, while Agrofina S.A. acted as trustor, administrator, and collection agent. AR Partners S.A., Banco Mariva S.A., First Capital Markets S.A., SBS Trading S.A y StoneX Securities S.A. acted as placement agents and FIRST Corporate Finance Advisors S.A. acted as co-organizer and financial advisor.

The financial trust’s primary goal is to finance small and medium-sized companies, given that at least 70% (seventy percent) of the trust asset, considering its nominal value, is made up of rights or credits from operations carried out with SMEs CNV.

All parties involved turned to Beccar Varela: team led by partner Luciana Denegri, assisted by associates María Victoria Pavani, María Inés Cappelletti, and Julián Ojeda.