Los Grobo Agropecuaria S.A.’s $10.1 Million Notes Offering


Estudio Beccar Varela has advised on the transaction

Los Grobo Agropecuaria S.A. has finalized the Class VI and VII notes offering, carried out under the company’s Global Program for the issuance of Simple Negotiable Obligations not convertible into shares for a maximum circulation value of up to US$ 80 million (or its equivalent in other currencies). Class VI notes were issued at a nominal value of AR$140,666,911, while Class VII at a nominal value of US$20,830,297.

The maturity date of Class VI notes (denominated in Argentine Pesos) will take place on May 9th 2019, accruing interest at Badlar rate + cut-off margin of 4%. The maturity date of Class VII notes (denominated in US Dollars) will take place on May 9th 2019, accruing interest at a fixed rate of 6.75%.

Fix SCR Agente de Calificación de Riesgo S.A. has rated both notes classes “BBB+(arg)”. These notes have been listed and admitted to trading on the Mercado Abierto Electrónico S.A. and on Bolsas y Mercados Argentinos S.A.

In this transaction, Balanz Capital Valores S.A., Banco Supervielle S.A. Banco de la Provincia de Buenos Aires and SBS Capital S.A. acted as organizers. BACS Banco de Crédito & Securitización S.A., SBS Trading S.A., SBS Trade S.A., Balanz Capital Valores S.A., Banco Supervielle S.A. and Banco de la Provincia de Buenos Aires acted as placement agents.

Los Grobo Agropecuaria S.A. produces and markets grains and oilseeds in Argentina. The company is based in Buenos Aires.

Estudio Beccar Varela has advised the issuer, the placement agents and the organizers with a team led by junior partner Luciana Denegri (Picture) and including María Victoria Pavani, Franco Tonelli and María Eugenia Benitez.

Involved fees earner: Luciana Denegri – Estudio Beccar Varela; Maria Victoria Pavani – Estudio Beccar Varela; Franco Tonelli – Estudio Beccar Varela; María Eugenia Benitez – Estudio Beccar Varela;

Law Firms: Estudio Beccar Varela;

Clients: BACS Banco de Crédito y Securitización; Balanz Capital S.A. ; Banco Supervielle S.A. ; SBS Capital S.A.; Banco de la Provincia de Buenos Aires; Los Grobo Agropecuaria S.A. ;

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Author: Ambrogio Visconti.