Beccar Varela advises on Agropecuaria Las Marías’ First Notes Issuance.
PRESS RELEASE
Buenos Aires, July 10th, 2023. On June 28th, 2023, Agropecuaria las Marías S.A. conducted its first notes issuance under the PYME CNV Garantizada Regime (SME Guaranteed Regime). Series I Notes were issued with a total nominal value of US$2,572,970, with a maturity date of June 28th, 2026, and will not accrue interest. Furthermore, they were subscribed by investors at a price of 108.50% of their nominal value.
Additionally, the Notes will amortize their principal in three payments: the first payment, equivalent to 40% of the principal, at 21 months; the second payment, also 40%, at 33 months; and the final payment, corresponding to the remaining 20%, at 36 months.
Series I Notes are denominated in United States Dollars but were issued and will have their payments made in Argentine Pesos.
Series I Notes were admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading at Mercado Abierto Electrónico S.A.
In this notes issuance, Banco de Galicia y de Buenos Aires S.A.U. and Banco Supervielle S.A. acted as organizers, placement agents, and guarantee entities. All parties involved in the matter turned to Beccar Varela’s team, led by partner Luciana Denegri, who was assisted by Julián Ojeda and María Belén Tschudy.