Nicholson y Cano and PAGBAM advise San Miguel’s $16.2 million notes issuance
Nicholson y Cano Abogados and Pérez Alati, Grondona, Benites & Arntsen (PAGBAM) have acted San Miguel on the issuance of $16.2 million in Series XII notes. The transaction, completed on February 6, 2025, is part of San Miguel’s global program for issuing notes up to $250 million.
The series XII notes, denominated and payable in U.S. dollars in Argentina, were issued at 100% of their nominal value with a fixed interest rate of 9.50% per annum and a maturity date of February 6, 2027. San Miguel, a world leader in industrial lemon processing based in Tucumán Province, Argentina, plans to use the funds to finance working capital and refinance short-term liabilities.
Banco Santander Argentina and Banco de Galicia y Buenos Aires acted as organizers and placement agents, alongside several other financial institutions. San Miguel, which accounts for 15% of global lemon grinding, is recognized by over 200 customers in more than 50 countries for its high-quality citrus products.
Nicholson y Cano Abogados advised San Miguel, with a team led by partner Marcelo Villegas (pictured left), supported by associates Juan Martín Ferreiro, Jesica Pabstleben, and Dario Pessina.
PAGBAM represented the arrangers and placement agents, with a team including partner Diego Serrano Redonnet (pictured right), counselor Alejo Muñoz de Toro, and associates Juan Ignacio Rodriguez Goñi and Tamara Friedenberger.
