DECEMBER 23, 2022

Beccar Varela advises on Agrofina’s Class XI Notes’ Issuance.



Buenos Aires, December 23rd, 2022. On December 7th, Agrofina S.A. issued Class XI Notes, simple, non-convertible into shares, denominated in U.S. Dollars, to be integrated and payable in Pesos, for a total nominal amount of US$ 12,567,727. The issuance was made under the company’s Global Program of up to US$ 80,000,000.

Class XI Notes were issued for a nominal amount of US$12,567,727 and will mature on December 7th, 2025. They will accrue interest at a nominal annual fixed rate of 3% and will amortize its principal in six quarterly dues per matured quarter starting on September 7th, 2024.

Class XI Notes were admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading at Mercado Abierto Electrónico S.A. On November 29th, 2022, FIX SCR S.A. locally rated the Notes “A-(arg)” with stable outlook (perspectiva estable).

Adcap Securities Argentina S.A., Alchemy Valores S.A., Allaria Ledesma & Cía. S.A., BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Balanz Capital Valores S.A.U., Latin Securities S.A., and SBS Trading S.A. acted as placement agents and, together with the issuer, were advised by Beccar Varela’s team, led by Luciana Denegri with the participation of María Victoria Pavani, Julián Ojeda, Franco Scervino and Tomás Cappellini.