PAGBAM assists Agrofina in refinancing of Notes
Pérez Alati Grondona Benites & Arntsen has assisted Agrofina, as issuer, and Alchemy Valores, as financial advisor, in the refinancing and amendment of certain terms and conditions of the Class X Notes.
The Class X Notes had been guaranteed, at a fixed interest rate of 12%, for a nominal value of US$ 10,996,922 issued on 5 July 2021 under the Global Programme for the Issuance of simple Negotiable Obligations, not convertible into shares, for a nominal value of up to US$ 80,000,000 (or its equivalent in other currencies).
Agrofina, through a consent solicitation procedure, was able to obtain the necessary consent of the holders of the Notes to modify certain terms and conditions of the issue, among which the maturity date, the form of amortization, the interest rate, the schedule of interest payment dates and the incorporation of the possibility of early redemption, in whole or in part, by Agrofina. The consents were obtained on 24 June 2024.
Ileana Franquez and Lucas Divito acted as in-house lawyers for Agrofina.
PAGBAM’s team was led by partner María Gabriela Grigioni (pictured), with the participation of associates Nahuel Perez de Villarreal and Juan Ignacio Rodriguez Goñi.
