Nicholson y Cano and PAGBAM act on Ledesma’s U$31M notes issuance
Nicholson y Cano Abogados and Pérez Alati, Grondona, Benites & Arntsen (PAGBAM) have advised on the issuance of notes by Ledesma for US$ 31,092,846. The class 15 notes were issued under Ledesma’s global program for the issuance of notes for up to USD 150,000,000.
The notes, issued on February 4, 2025, are denominated and payable in U.S. dollars in Argentina (Dollar MEP), with a fixed interest rate of 7.0% nominal annual rate and maturity on October 4, 2027. The proceeds will be used for working capital in Argentina, investments in physical assets and capital goods, and refinancing of short-term financial liabilities. The tender for the notes took place on January 30, 2025, indicating renewed interest in the local market for quality corporate bonds.
Ledesma, a leading agribusiness company in Argentina with 116 years of history, is a major producer of sugar and paper, with a presence in fruit and citric juice, alcohol, bioethanol, meat, and cereal markets.
Nicholson y Cano Abogados advised Ledesma with a team led by partner Marcelo Villegas (pictured left), along with associates Juan Martín Ferreiro, Jesica Pabstleben, and Darío Pessina.
PAGBAM advised the arrangers and underwriters, including Banco Santander Argentina, Banco de Galicia y Buenos Aires, Banco BBVA Argentina, and several others. The PAGBAM team was led by partner Diego Serrano Redonnet (pictured right), counsel Alejo Muñoz de Toro, and associates Juan Ignacio Rodríguez Goñi and Tamara Friedenberger.
