BUENOS AIRES, ARGENTINA – July 6, 2021 – Cresud
Sociedad Anónima Comercial, Inmobiliaria, Financiera y
Agropecuaria (the “Company”) (NASDAQ: CRESY),
reports
the results of the Exchange Offer:
Nominal Value of Existing Notes presented and accepted for the
Exchange: USD 18,797,690, of which USD 18,243,151 were
presented on or before deadline to access the Early
Bird.
SERIES XXXIII:
Amount to be Issued: USD 18,797,690.
Interest Rate: 6.99% nominal annual
Issuance and Settlement Date: July 6, 2021
Maturity Date: July 6, 2024
Issuance Price: 100.00% Face Value
Early Bird: The Early Bird will consist of the payment of
USD 0.0075 for each USD 1 of existing Notes delivered and accepted
in the Exchange under the Par Option. Said payment will be made in
pesos at the exchange rate published by Communication
“A” 3500 of the Argentine Central Bank on the business
day prior to the expiration date of the exchange, which was ARS
95.7667 for each USD 1.
Interest payments: Semiannual starting on January 6,
2022
Principal maturity: The capital of the Series XXXIII Notes
will be amortized in 3 annual installments, beginning on the first
anniversary of the issue and settlement date, as indicated
below:
-
33% of capital, on
July 6, 2022;
-
33% of capital, on
July 6, 2023; and
-
34% of capital, on
the Maturity Date.
Payment Address: Payment will be made in New York City,
United States, for which purpose the Company will make available US
dollars in an account reported by Caja de Valores in said
jurisdiction.