BUENOS AIRES, Argentina,
May 26, 2017 /PRNewswire/ -- Banco
Macro S.A. (NYSE: BMA; Bolsas y Mercados Argentinos S.A./Mercado
Abierto Electrónico S.A.: BMA) ("Banco Macro") announces today that
it plans to conduct a global primary follow-on offering of its
Class B ordinary shares and American Depositary Shares ("ADSs"),
each representing 10 Class B ordinary shares (the "Offering"),
consisting of (i) a preferential rights offering of Class B
ordinary shares to existing shareholders in Argentina, (ii) an offering of Class B
ordinary shares in Argentina and
(iii) an offering of ADSs in the United
States, which will be registered with the U.S. Securities
and Exchange Commission (the "SEC"). The portions of the Offering
conducted in Argentina will not be
registered with the SEC and are not addressed to persons in
the United States. The proceeds
from the Offering will be used for general corporate purposes and,
specifically, to be in a position to fund the expansion of credit
demand in Argentina and to take
advantage of potential acquisition opportunities in the Argentine
banking system.
Goldman Sachs & Co. LLC is acting as Global Coordinator and
Joint Bookrunner, BofA Merrill Lynch is acting as Joint Bookrunner,
and Macro Securities S.A. is serving as Placement Agent in
Argentina for the Offering.
As resolved at the Shareholders' Meeting on April 28, 2017, the Offering will consist of up
to 74 million Class B ordinary shares (up to 85.1 million Class B
ordinary shares, including the option to purchase additional ADSs
granted to the underwriters of the offering in the United States), directly or in the form of
ADSs.
Certain of Banco Macro's principal shareholders (Messrs.
Jorge Horacio Brito and Delfín
Jorge Ezequiel Carballo) have agreed
to assign their preemptive rights and accretion rights to Macro
Securities S.A. In order to facilitate the international offering,
Macro Securities S.A., at the discretion of the international
underwriters, will exercise these rights to purchase Class B
ordinary shares, including Class B ordinary shares represented by
ADSs, to be sold by Banco Macro in the Offering. In addition, the
international underwriters will be able to acquire from Banco Macro
any Class B ordinary shares, including Class B ordinary shares
represented by ADSs, relating to preferential rights that are not
exercised by existing shareholders.
The marketing efforts for the Offering have begun and, depending
on market conditions, the Offering is expected to price on or about
June 12, 2017.
A registration statement on Form F-3 and a prospectus relating
to the ADSs have been filed with the SEC.
Copies of the prospectus relating to the ADSs may be obtained
from Goldman Sachs & Co. LLC, Attention: Prospectus Department,
200 West Street, New York, NY
10282, by telephone toll-free at 1-866-471-2526 or by email at
prospectus-ny@ny.email.gs.com; from BofA Merrill Lynch at
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte,
NC 28255-000, Attn: Prospectus Department, Email:
dg.prospectus_requests@baml.com. The registration statement and the
prospectus are available on the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
This press release includes statements concerning potential
future events involving Banco Macro that could differ materially
from the events that actually occur. The differences could be
caused by a number of risks, uncertainties and factors relating to
Banco Macro's business. Banco Macro will not update any
forward-looking statements made in this press release to reflect
future events or developments.
IR Contact in Buenos
Aires:
Jorge Scarinci
- Finance & IR Manager
E-mail: investorelations@macro.com.ar/ Phone: (5411) 5222 6682
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SOURCE Banco Macro S.A.