Cresud’s Serie XXIX $83 Million Notes Offering


Zang, Bergel & Viñes and Pérez Alati, Grondona, Benites & Arntsen advised on the deal

Cresud Sociedad Anónima Comercial executed its offering of Serie XXIX notes due 2021 on Buenos Aires Stock Exchange Market.

BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Banco de la Provincia de Buenos Aires, Balanz Capital Valores S.A.U., Puente Hnos. S.A., SBS Trading S.A., Futuros y Opciones.com S.A. and AR Partners S.A. acted as placing agents on the offering.

Cresud SACIF y A operates as an agricultural company. The Company, led by Eduardo Sergio Elsztain, Saul Zang and Alejandro Gustavo Elsztain, produces grains, sugar cane, meat, and milk, as well as focuses on acquisition, development, and exploitation of agricultural properties for rental, shopping centers, and hotels.

Zang, Bergel & Viñes advised Cresud with Carolina Zang (Picture), Francisco Bereciartúa and Nicolás A. Falabella.

Pérez Alati, Grondona, Benites & Arntsen advised the placing agents with Diego Serrano Redonnet, Nicolás Aberastury, Guido Meirovich and Paula Balbi.

Involved fees earner: Nicolás Aberastury – Pérez Alati, Grondona, Benites & Arntsen; Paula Balbi – Pérez Alati, Grondona, Benites & Arntsen; Guido Meirovich – Pérez Alati, Grondona, Benites & Arntsen; Diego Serrano Redonnet – Pérez Alati, Grondona, Benites & Arntsen; Francisco Bereciartúa – Zang, Bergel & Viñes Abogados; Nicolás Falabella – Zang, Bergel & Viñes Abogados; Carolina Zang – Zang, Bergel & Viñes Abogados;

Law Firms: Pérez Alati, Grondona, Benites & Arntsen; Zang, Bergel & Viñes Abogados;

Clients: AR Partners ; BACS Banco de Crédito y Securitización; Balanz Capital S.A. ; Banco de Galicia y Buenos Aires S.A.; Banco de la Provincia de Buenos Aires; Banco Hipotecario S.A.; Banco Santander Río S.A.; Cresud SACIF y A; Futuros y Opciones.com S.A.; Puente Hermanos S.A.; SBS trade SA;

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Author: Ambrogio Visconti.