BUENOS AIRES, Argentina,
Oct. 26, 2020 /PRNewswire/ --
Cresud S.A.C.I.F. y A. (NASDAQ: CRESY, BYMA: CRES), leading
Argentine agricultural company, informs that according to
Resolution "A" 7106 of the Central Bank of the Argentine Republic
that restricts access to the Foreign Exchange Market to purchase US
dollars for the payment of foreign currency-denominated debt
securities principal maturing between October 15, 2020 and March
31, 2021, the Company announces the beginning of the
exchange offer process for Series XXIV Notes for an amount of
USD 73.6 million, maturing on
November 14, 2020 and the issuance of
two new Series of Notes (the "Exchange Offer").
SERIES XXXI DOLLAR-DENOMINATED NOTES, ACCRUING INTEREST AT A
FIXED NOMINAL RATE OF 9.00% PER ANNUM AND MATURING 3 YEARS AFTER
THE DATE OF ISSUE AND SETTLEMENT, TO BE AMORTIZED ON AN ANNUAL
BASIS, IN A PRINCIPAL AMOUNT UP TO USD
44,163,240 (UNITED STATES
DOLLARS FOURTY-FOUR MILLION ONE HUNDRED SIXTY-THREE THOUSAND TWO
HUNDRED FOURTY) (THE "SERIES XXXI NOTES" OR "SERIES XXXI"), TO BE
PAID IN KIND BY TENDERING FOR EXCHANGE THE OUTSTANDING SERIES XXIV
NOTES, ACCRUING INTEREST AT A FIXED RATE OF 9.00% PER ANNUM,
MATURING ON NOVEMBER 14, 2020 (THE
"EXISTING NOTES"), INCLUDING REPAYMENT OF PRINCIPAL AMOUNT OF
EXISTING NOTES TO BE TENDERED FOR EXCHANGE (AS DEFINED HEREINBELOW)
IN CASH IN UNITED STATES DOLLARS
OF AT LEAST 40% OF THE AMOUNT OF EXISTING NOTES TO BE TENDERED FOR
EXCHANGE.
SERIES XXXII DOLLAR-DENOMINATED NOTES, ACCRUING INTEREST AT A
FIXED NOMINAL RATE OF 9.00% PER ANNUM AND MATURING 24 MONTHS AFTER
THE DATE OF ISSUE AND SETTLEMENT, IN A PRINCIPAL AMOUNT UP TO
USD 44,163,240 (UNITED STATES DOLLARS FOURTY-FOUR MILLION ONE
HUNDRED SIXTY-THREE THOUSAND TWO HUNDRED FOURTY) (THE "SERIES XXXII
NOTES" OR THE "SERIES XXXII", AND JOINTLY WITH SERIES XXXI, THE
"NOTES"), TO BE PAID IN KIND BY TENDERING FOR EXCHANGE THE EXISTING
NOTES.
The Exchange Offer closing date will be November 5, 2020 and settlement will take place
on November 11, 2020. Early bird for
Series XXXII ends on October 30,
2020.
The Exchange Offer, the Notes and all the documents related to
the Exchange Offer shall be governed by and construed in accordance
with the laws of Argentina.
Dealers
|
|
BACS Banco de
Crédito y Securitización S.A.
Tucumán 1, 19th
Floor, "A",
City of Buenos
Aires,
Argentina
|
Banco Hipotecario
S.A.
Reconquista
151,
City of Buenos Aires,
Argentina
|
Banco de Galicia y
Buenos Aires S.A.U.
Tte. Gral. Juan
Domingo Perón 407,
City of Buenos Aires,
Argentina
|
Banco Santander
Río S.A.
Av. Juan de Garay
151, City of Buenos Aires, Argentina
|
AR Partners
S.A.
Arenales 707, 6th
Floor, City of Buenos Aires, Argentina
|
Banco de la
Provincia de Buenos Aires
San Martin 108, City
of Buenos Aires, Argentina
|
Balanz Capital
Valores S.A.U.
Av. Corrientes 316,
3rd Floor,
Office 362, City of
Buenos Aires, Argentina
|
Puente Hnos.
S.A.
Tucumán 1 14th Floor,
City of Buenos Aires,
Argentina
|
Bull Market
Brokers S.A.
Bouchard 680 8th
Floor, City of Buenos Aires, Argentina
|
SBS Trading
S.A.
Av. Eduardo Madero
900, 19th Floor, City of Buenos Aires,
Argentina
|
|
|
|
|
|
|
For more information, refer to the Issue Prospectus,
Supplemental Offering Memorandum and Subscription Notice, available
in the company´s website www.cresud.com.ar
Investor Relations Department.
CRESUD
S.A.C.I.F.y.A
+ 5411 4323-7449
ir@cresud.com.ar
www.cresud.com.ar
Follow us on Twitter @ircresud
View original
content:http://www.prnewswire.com/news-releases/cresud-exchange-offer-series-xxiv-301159697.html
SOURCE Cresud S.A.C.I.F. y A.