Beccar Varela advises Los Grobo on Class VI and VII notes issuance

June, 2017 - Buenos Aires, Argentina

May 22nd, 2017. Estudio Beccar Varela advised Los Grobo Agropecuaria S.A. on the Class VI and VII notes issuance, carried out under the company’s Global Program for the issuance of Simple Negotiable Obligations not convertible into shares for a maximum circulation value of up to US$ 80 million (or its equivalent in other currencies). Class VI notes were issued at a nominal value of AR$140,666,911, while Class VII at a nominal value of US$20,830,297.

The maturity date of Class VI notes (denominated in Argentine Pesos) will take place on May 9th 2019, accruing interest at Badlar rate + cut-off margin of 4%. The maturity date of Class VII notes (denominated in US Dollars) will take place on May 9th 2019, accruing interest at a fixed rate of 6.75%.

Fix SCR Agente de Calificación de Riesgo S.A. has rated both notes classes “BBB+(arg)”. These notes have been listed and admitted to trading on the Mercado Abierto Electrónico S.A. and on Bolsas y Mercados Argentinos S.A.

In this transaction, Balanz Capital Valores S.A., Banco Supervielle S.A. Banco de la Provincia de Buenos Aires and SBS Capital S.A. acted as organizers. BACS Banco de Crédito & Securitización S.A., SBS Trading S.A., SBS Trade S.A., Balanz Capital Valores S.A., Banco Supervielle S.A. and Banco de la Provincia de Buenos Aires acted
as placement agents.

Counsel to the issuer, the placement agents and the organizers

Estudio Beccar Varela: team led by junior partner Luciana Denegri and associates María Victoria Pavani, Franco Tonelli and María Eugenia Benitez.


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