Surcos S.A. (“Surcos“), a leading company in the sale of agricultural inputs, carried out a new issuance of simple corporate bonds under (i) Series XIV Class A VS for a total par value of U$S 15,191,230 at a fixed rate of 9%, and maturing on November 8, 2026 (the “Series XIV Class A VS Notes”); (ii) Series XIV Class B for a total par value of U$S 1,577,821 at a fixed rate of 9%, and maturing on May 8, 2027 (the “Series XIV Class B Notes”); and (iii) Serie XIV Class C for a total par value of $3,078,396,350 at a fixed rate of 44% and maturing on August 8, 2025 (the “Series XIV Class C Notes” and together with Series XIV Class A VS Notes and Series XIV Class B Notes, the “Serie XIV Notes”), within the framework of their global program for the issuance of simple bonds up to U$S 100,000,000 (Dollars one hundred million) (or its equivalent in other currencies or in other units of value) (the “Program”).
The Date of Issuance and Settlement of the Series XIV Notes was on November 8, 2024.
The Series XIV Class A VS Notes were issued in line with the Sustainability-Linked Bonds Principles contained in the Sustainability-Linked Bonds Guide and the Listing Rules for Notes and Government Securities for inclusion in the Sustainability-Linked Bonds Guide of the Argentine Stock Exchange and Markets Panel (“ByMA“). Thus, in the evolution of sustainable bond evaluation carried out by FIX SCR S.A. Agente de Calificación de Riesgo, it has been qualified as “BVS2(arg)”.
Nicholson y Cano Abogados advised Surcos S.A., while TCA Tanoira Cassagne advised Banco Supervielle S.A., Balanz Capital Valores S.A.U., Max Capital S.A., Invertir en Bolsa S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., TPCG Valores S.A.U., Facimex Valores S.A., Banco de la Provincia de Buenos Aires, Columbus IB Valores S.A., PP Inversiones S.A., Adcap Securities Argentina S.A., BACS Banco de Crédito y Securitización S.A. and Banco Hipotecario S.A. as placement agents (together “Placement Agents”), in the issuance of Additional Series XIV Notes.
Legal counsel to Surcos S.A.
Nicholson y Cano Abogados: Partner Mario Kenny and Associates Juan Martín Ferreiro and Jesica Pabstleben.
Legal counsel to the Placement Agents
TCA Tanoira Cassagne:Partners Alexia Rosenthal and Jaime Uranga, and Associates Juan Sanguinetti, Carolina Mercero and Florencia Ramos Frean.
