Cresud Issues $87.6 Million in Local Market Notes to Bolster Capital

summarizeResumen

This significant debt issuance provides Cresud with substantial capital, representing over 10% of its market capitalization. The successful placement of both short-term and medium-term notes at reasonable interest rates and favorable issuance prices indicates market confidence and enhances the company's liquidity and financial flexibility for operations or future investments.

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• Significant Capital Raise

  Cresud issued approximately $87.6 million in notes across two series in the local capital markets.

• Additional Series L Notes

  The company issued $40.8 million of Additional Series L Notes at a 7.25% interest rate, maturing in March 2029.

• Series LI Notes

  Cresud also issued $46.8 million of Series LI Notes at a 5.75% interest rate, maturing in January 2027.

• Favorable Issuance Terms

  Both series of notes were issued at or above face value, indicating strong market demand for the debt.

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This significant debt issuance provides Cresud with substantial capital, representing over 10% of its market capitalization. The successful placement of both short-term and medium-term notes at reasonable interest rates and favorable issuance prices indicates market confidence and enhances the company's liquidity and financial flexibility for operations or future investments.