PAGBAM counsels on Rizobacter’s $80m issuance of Notes
Pérez Alati, Grondona, Benites & Arntsen has assisted the underwriters in Rizobacter’s USD 80 million issuance of Negotiable Obligations
Pérez Alati, Grondona, Benites & Arntsen has advised Zuma Advisors S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Banco Supervielle S.A., Allaria Ledesma & Cía. S.A., AR Partners S.A., Cohen S.A., Banco Mariva S.A., Futuros del Sur S.A., Rosario Valores S.A. and Galicia Securities S.A., as underwriters in the issuance of Series VII Class B senior unsecured notes of Rizobacter Argentina S.A., under its Global Program for the issuance of senior unsecured notes for a par value of up to $80 million US dollars (or its equivalent in other currencies).
The Notes were issued on 28 December 2021 in one class for a nominal amount of $20 million US dollars, to be denominated in pesos, payable in pesos at the applicable exchange rate, at a fixed interest rate of 1.49% nominal per annum, maturing on 28 December 2024.
The offering was directed to the local market and the Notes have been authorized for listing on Bolsas y Mercados Argentinos S.A. and for trading on the Mercado Abierto Electrónico S.A. (Open Electronic Market).
Rizobacter was advised by Nicholson y Cano Abogados.
Rizobacter is a company founded in 1977, a world leader in soybean biological products and the main Argentinean supplier of biological solutions for the agricultural sector, with a strong focus on crop nutrition and seed treatment solutions. It is a company that researches, develops and commercialises innovative solutions for the best crop growth in the world. It operates in the research, development, production and marketing of its main product lines: inoculants, packs, seed cures, adjuvants and others.
Facundo Javier Rodenas acted as in-house counsel for Rizobacter.
Nicholson y Cano Abogados team was comprised of partner Mario Kenny and associate Juan Martín Ferreiro.
PAGBAM’s team consisted of partner Diego Serrano Redonnet (pictured left), together with associates Nicolás Aberastury (pictured right) and Adriana Tucci.
