BUENOS AIRES, Argentina,
July 11, 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 the underwriters of Banco Macro's previously
announced global primary follow-on offering of 74 million Class B
ordinary shares, including Class B ordinary shares represented by
American Depositary Shares ("ADSs"), each representing 10 Class B
ordinary shares (the "Offering"), have exercised their option to
purchase an additional 1,068,998 ADSs at the public offering price
of US$90 per ADS. In addition,
investors in Argentina have
exercised their preferential subscription rights in respect of
410,013 Class B ordinary shares at a price of US$9 per share, bringing the total gross proceeds
from the Offering to approximately US$766
million, before deducting underwriting discounts and
commissions and other offering-related expenses. The Offering
closed on June 19, 2017. The
additional ADSs and additional Class B ordinary shares are expected
to be issued and delivered on July 13,
2017.
Banco Macro intends to use the proceeds from the Offering 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 acted as Global Coordinator and
Joint Bookrunner, BofA Merrill Lynch acted as Joint Bookrunner, and
Macro Securities S.A. served as Placement Agent in Argentina for the Offering.
A registration statement on Form F-3 and a prospectus relating
to the ADSs have been filed with the U.S. Securities and Exchange
Commission.
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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content:http://www.prnewswire.com/news-releases/banco-macro-sa-announces-the-full-exercise-of-the-underwriters-option-to-purchase-additional-american-depositary-shares-300486015.html
SOURCE Banco Macro S.A.