Bruchou & Funes de Rioja and Muñoz de Toro abogados advise on the ARCOR’s negotiable obligations
Muñoz de Toro Abogados and Bruchou & Funes de Rioja have acted as legal advisors in connection with the issuance by ARCOR, one of Argentina’s leading food production companies, of Class 2 Negotiable Obligations for a nominal value of US$100,000,000 (the “Negotiable Obligations”) under the Simplified Frequent Issuer Regime.
The negotiable obligations will mature 12 months from their issue and settlement date on October 6, 2026, bearing interest at a fixed annual nominal rate of 5.90% on the outstanding principal and repaying principal in a single payment on the maturity date. The Negotiable Obligations have been rated “ML A-1ar” by Moody’s Local AR Agente de Calificación de Riesgo.
The negotiable obligations have been listed on Bolsas y Mercados Argentinos and authorized for trading on A3 Mercados, and are eligible through Euroclear Bank and/or Clearstream Banking Société Anonyme.
The placement agents for the issuance were Banco Santander Argentina, Banco de Galicia y Buenos Aires, Banco BBVA Argentina, Banco Patagonia, Invertir en Bolsa, SBS Trading, Facimex Valores, Balanz Capital Valores, Petrini Valores, Allaria, and Banco Hipotecario.
Muñoz de Toro Abogados’ team was led by Ricardo Muñoz de Toro (pictured), with the participation of Laura Gomes and Guillermina Muñoz de Toro.
Bruchou & Funes de Rioja was the legal advisor to the placement agents. The team was led by Alejandro Perelsztein, with the participation of Sebastián Pereyra Pagiari, Facundo Suarez Loñ, and Gonzalo Vilariño.
