TCA Tanoira Cassagne and Martinez de Hoz & Rueda advise on LIPSA’s Class V notes issuance.

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Lipsa S.R.L. (“Lipsa”), a family-owned company, engaged in the agricultural business with more than a decade in the north of Argentina, which main activity is the agricultural production of soybean, corn and wheat, successfully completed the public placement and issuance of the Class V Notes (dollar linked notes) for a nominal value of US$19,117,.560 at a 1% fixed interest rate in the local markets (the “Notes”).

TCA Tanoira Cassagne acted as legal counsel to Lipsa as issuer and MHR Martinez de Hoz & Rueda acted as legal counsel to Banco Mariva S.A., Banco de Galicia y Buenos Aires S.A.U. and Balanz Capital Valores S.A.U. as arrangers and placement agents and Nuevo Chaco Bursátil S.A., Banco de Servicios y Transacciones S.A. and Latin Securities S.A. as placement agents, who also received advice from their in-house legal teams.

The Notes, are denominated in US dollars, were subscribed and integrated in Pesos at the initial exchange rate and in kind by the delivery of Class I Notes at the exchange ratio and will be payable in Pesos at the applicable exchange rate. The Notes were issued on July 14th, 2023, under Lipsa’s Global Note Program for an amount of US$50,000,000. The Notes will mature on July 14th, 2025.

Legal Counsel to Lipsa: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal, Jaime Uranga and Rocío Carrica; and Associates: Lucía Viboud Aramendi, Ana Lucía Miranda and Federico Grieben.

Legal Counsel to the Arrangers and Placement Agents: Martinez de Hoz & Rueda through a team led by Partner José Martinez de Hoz (n) and Associates Pablo Nisim Schreiber, Luisina Luchini and Julieta Soliverez.

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