Beccar Varela advises on Special Grains and Petroagro’s Class III notes co-issuance.

November, 2023 - Buenos Aires, Argentina

Buenos Aires, November 2nd, 2023. On October 11th,Special Grains S.A.andPetroagro S.A.(the “Co-Issuers”) conducted their third co-issuance of notes. Class III Notes are simple, non-convertible into shares, denominated in U.S. Dollars but integrated and payable in Argentine Pesos (in Argentina), for a total nominal amount of US$8,828,150. The Notes were issued under the Companies’ Global Program of up to US$35,000,000.

Class III Notes will mature on October 11th, 2026, and accrue interest at a fixed nominal annual rate of 1%. Additionally, their principal will be amortized in two payments.

On October 4th, Moody’s Local AR Agente de Calificación de Riesgo S.A. locally rated the Notes “BBB+.arg”, which will be listed on Bolsas y Mercados Argentinos S.A. and authorized for trading at Mercado Abierto Electrónico S.A.

In this Notes co-issuance, Special Grains S.A. and Petroagro S.A. acted as co-issuers, SBS Capital S.A. served as the organizer, whilst Banco CMF S.A., Banco de la Provincia de Buenos Aires, Banco de Servicios y Transacciones S.A., First Capital Markets S.A., Macro Securities S.A.U. and SBS Trading S.A. acted as placement agents.

All parties involved in the notes issuance turned to Beccar Varela’s team, led by partner Luciana Denegri, who was assisted by associates María Victoria Pavani, María Belén Tschudy, and Ezequiel Cubilla Mascolo.