Marval O’Farrell Mairal advises on Angel Estrada’s bond issuance for an aggregate amount of ARS 4,086,753,854

Angel Estrada y Compañia SA (AESA), a leading Argentine manufacturer of school and office stationery products, successfully completed the placement and issuance in the local market of Series 16 Notes for an aggregate amount of ARS 4,086,753,854.

The Notes were issued on June 13, 2024, under the non-convertible simple notes program for up to USD 30,000,000 (or its equivalent in other currencies). Series 16 Notes, denominated and payable in Pesos, bear a variable interest rate corresponding to the sum of the ‘Badlar Privada’ Rate and the 8% cut-off margin. The Notes will mature on June 13, 2025.

AESA has been competing globally for over 145 years, offering top quality products, supporting education and office related ideas and content, accompanying technological progress, and making efficient use of its resources, maximizing value creation for clients, employees, shareholders, suppliers, and the community, within a strictly ethical framework.

Marval O'Farrell Mairal acted as legal advisor to AESA through its partner Sergio Talamo, together with Associates Juan Pablo Lentino and Sebastian Swinnen.