Bruchou advises MSU on issuance of Series XI and XII Notes
Bruchou & Funes de Rioja has advised MSU on the issuance of its Series XI and XII senior unsecured notes for a nominal amount of US$ 30,000,000 and US$ 60,777,529, respectively, both denominated in US dollars and payable in Argentine pesos at the applicable exchange rate.
The issue was made on 14 November under the global programme for the issuance of simple negotiable obligations (not convertible into shares) for a maximum outstanding amount of up to US$ 150,000,000 (or its equivalent in other currencies).
The Series XI Notes have a fixed interest rate of 0% nominal per annum, maturing on 14 November 2026, while the Series XII Notes have a fixed interest rate of 4.9% nominal per annum, maturing on 14 November 2032.
The Company will use the net proceeds from the issuance of the Series XII Notes to finance the construction of a peanut processing and industrialisation plant.
The construction and operation of this peanut processing plant is a project designed and projected in the commitment to the regional development of this crop, based on the industrialization of peanuts, with fully automated processes with the latest technology.
Allaria Ledesma & Cia; Banco de Galicia y Buenos Aires; Balanz Capital Valores; Banco Supervielle; Banco Santander Argentina; Banco de la Provincia de Buenos Aires; Puente Hnos; Banco de Servicios y Transacciones; Facimex Valores; and Supervielle Agente de Negociación acted as underwriters. Banco de Galicia y Buenos Aires acted as arranger and settlement agent. All entities were advised by Tavarone Rovelli Salim & Miani (TRSYM).
TRSYM’s team included partner Marcelo Tavarone (pictured left) and associates Ximena Sumaria, Eduardo Cano and Ramiro Catena.
Bruchou’s team was led by partner José Bazán (pictured right) and associates Leandro Exequiel Belusci, Ramón Augusto Poliche and Branko Serventich.
