PAGBAM assists in refinancing Agrofina’s Class X Notes
Pérez Alati Grondona Benites & Arntsen has advised Agrofina in the refinancing of the Class X senior secured notes, at a fixed interest rate of 14.5%, for a par value of US$ 10,996,922.
The original issue was made on 5 July 2021, under the Global Programme for the issuance of simple, non-convertible 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, including the maturity date, the interest rate and the schedule of interest payment dates. The consents were obtained on 23 June 2023.
Agrofina acted as issuer, and Alchemy Securities acted as financial advisor to the application.
Ileana Franquez and Lucas Divito acted as in-house counsels to Agrofina.
PAGBAM’s team was led by partner María Gabriela Grigioni (pictured) and with the participation of associate Nahuel Perez de Villarreal.
