Bioceres Crop Solutions Subsidiary Rizobacter Completes $16.1 Million Offering of Series VI Corporate Bonds
September 03 2021 - 8:31AM
Business Wire
Bioceres Crop Solutions Corp. (“Bioceres” or the “Company”)
(NASDAQ: BIOX), a fully-integrated global provider of crop
productivity solutions designed to enable the transition of
agriculture towards carbon neutrality, announced today that its
subsidiary Rizobacter Argentina S.A. (“Rizobacter”) has completed a
$16.1 million public offering of Series VI corporate bonds in the
Argentine market. The bonds will be issued in two tranches:
Class A: $12.7 million with maturity in March 2023 and an
annual nominal interest rate of 3.75%; and
Class B: $3.4 million with maturity in September 2024 and
an annual nominal interest rate of 5.25%.
Proceeds will be used to support working capital as well as for
general corporate purposes, while extending debt maturities and
reducing financing costs.
About Bioceres Crop Solutions Corp.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) is a fully
integrated global provider of crop productivity technologies
designed to enable the transition of agriculture towards carbon
neutrality. To do this, Bioceres’ solutions create economic
incentives for farmers and other stakeholders to adopt
environmentally friendlier production practices. The Company has a
unique biotech platform with high-impact, patented technologies for
seeds and microbial ag-inputs, as well as next generation crop
nutrition and protection solutions. Through its HB4® program, the
Company is bringing digital solutions to support growers’ decisions
and provide end-to-end traceability for production outputs. For
more information, click here.
Forward-looking statements
This communication includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,”
“expect,” “estimate,” “plan,” “outlook,” and “project” and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Such
forward-looking statements are based on management’s reasonable
current assumptions, expectations, plans and forecasts regarding
the Company’s current or future results and future business and
economic conditions more generally. Such forward-looking statements
involve risks, uncertainties and other factors, which may cause the
actual results, levels of activity, performance or achievement of
the Company to be materially different from any future results
expressed or implied by such forward-looking statements, and there
can be no assurance that actual results will not differ materially
from management’s expectations or could affect the Company’s
ability to achieve its strategic goals, including the uncertainties
relating to the impact of COVID-19 on the Company’s business,
operations, liquidity and financial results and the other factors
that are described in the sections entitled “Risk Factors” in the
Company's Securities and Exchange Commission filings updated from
time to time. The preceding list is not intended to be an
exhaustive list of all of our forward-looking statements.
Therefore, you should not rely on any of these forward-looking
statements as predictions of future events. All forward-looking
statements contained in this release are qualified in their
entirety by this cautionary statement. Forward-looking statements
speak only as of the date they are or were made, and the Company
does not intend to update or otherwise revise the forward-looking
statements to reflect events or circumstances after the date of
this release or to reflect the occurrence of unanticipated events,
except as required by law.
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Investor Relations Contact Chris Tyson Executive Vice
President MZ Group – MZ North America (949) 491-8235
BIOX@mzgroup.us www.mzgroup.us
Bioceres Crop Solutions Máximo Goya, Investor Relations
+54-341-4861100 maximo.goya@biocerescrops.com
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