Cresud (NASDAQ: CRESY) sells USD 64.2M in local market notes
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria issued notes in the Argentine local capital markets for a total amount equivalent to USD 64.2 million. The placement is split between two U.S. dollar–denominated series with different rates and maturities.
The Series LII Notes will have an amount to be issued of USD 41,201,813, a 4.75% interest rate, and mature on April 30, 2028, with principal repaid in full at maturity. The Series LIII Notes will have an amount to be issued of USD 22,998,047, a 6.25% interest rate, and mature on April 30, 2030, also with bullet principal repayment.
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- None.
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Key Figures
Total notes issued (equivalent): USD 64.2 million
Series LII amount to be issued: USD 41,201,813
Series LII interest rate: 4.75%
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8 metrics
Total notes issued (equivalent)
USD 64.2 million
Local capital markets issuance disclosed in April 2026
Series LII amount to be issued
USD 41,201,813
Series LII Notes principal in USD
Series LII interest rate
4.75%
Fixed coupon on Series LII Notes
Series LII maturity
April 30, 2028
Series LII Notes bullet principal repayment date
Series LIII amount to be issued
USD 22,998,047
Series LIII Notes principal in USD
Series LIII interest rate
6.25%
Fixed coupon on Series LIII Notes
Series LIII maturity
April 30, 2030
Series LIII Notes bullet principal repayment date
Issuance price
100.00% face value
Issuance price for both Series LII and LIII
Key Terms
Series LII Notes, Series LIII Notes, Issuance and Settlement Date, bullet at maturity, +1 more
5 terms
Series LII Notes financial
"according to the following Series LII Notes Amount Offered"
Series LIII Notes financial
"Principal amortization: Bullet at maturity Series LIII Notes Amount Offered"
Issuance and Settlement Date financial
"Issuance and Settlement Date: April 30, 2026"
bullet at maturity financial
"Principal amortization: Bullet at maturity Series LIII Notes"
semiannually, in arrears financial
"interest on the Series LII Notes will be payable semiannually, in arrears, on the following dates"
FAQ
What did Cresud (CRESY) announce in its April 2026 Form 6-K?
Cresud announced a local market issuance of notes totaling USD 64.2 million equivalent. The financing is split into two U.S. dollar–denominated series, each with fixed interest rates and bullet principal repayment at maturity, providing the company with additional medium- and long-term funding.
What are the key terms of Cresud’s Series LII Notes?
The Series LII Notes have an amount to be issued of USD 41,201,813 at a 4.75% interest rate. They are issued in U.S. dollars, priced at 100% of face value, issued and settled on April 30, 2026, and mature on April 30, 2028, with bullet principal repayment.
What are the main features of Cresud’s Series LIII Notes?
The Series LIII Notes have an amount to be issued of USD 22,998,047 at a 6.25% interest rate. These notes are U.S. dollar–denominated, issued at 100% of face value on April 30, 2026, and mature on April 30, 2030, with principal paid in a single bullet at maturity.
How and when will interest be paid on Cresud’s new notes?
Both Series LII and Series LIII Notes pay interest semiannually after initial longer first periods. The first interest payment occurs nine months after issuance, the second at twelve months, and subsequent payments are made every six months in arrears on the specified calendar dates.
In what currency are Cresud’s Series LII and LIII Notes issued?
Both Series LII and Series LIII Notes are issued in U.S. dollars. The filing specifies the currency as USD for each series, with issuance prices set at 100% of face value, aligning coupon payments and principal repayment with U.S. dollar terms.