Cresud (CRESY) calls Series XLIV notes for July 2026 redemption
Rhea-AI Filing Summary
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria plans to redeem in full its outstanding Series XLIV Notes before maturity. The company has decided to exercise its option to redeem these notes, which were originally due on January 17, 2027. The redemption is scheduled for July 17, 2026 and will follow the terms of the Prospectus Supplement for the Series XLIV Notes. Holders will receive a redemption price equal to 101% of the outstanding principal amount, plus accrued and unpaid interest up to the redemption date.
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Insights
Cresud is calling its Series XLIV Notes early at a small premium.
Cresud has chosen to redeem all outstanding Series XLIV Notes on July 17, 2026, ahead of their original January 17, 2027 maturity. The redemption will be carried out under the existing terms of the Prospectus Supplement.
The redemption price is set at 101% of the outstanding principal amount, plus accrued and unpaid interest as of the redemption date. This structure is typical for an optional call, offering noteholders a modest premium over principal along with their earned interest.
The filing does not quantify the principal amount of Series XLIV Notes being redeemed, so the overall balance-sheet impact cannot be assessed from this excerpt alone. Future company filings may provide additional detail on the size of the redeemed series and any replacement financing.