Marval O’Farrell Mairal Advised on Ángel Estrada’s Bond Issuance for an aggregate Amount of ARS 1,000,000,000

Ángel Estrada y Compañía S.A. (AESA), a leading Argentinian manufacturer of school and office stationery products, successfully completed the placement and issuance in the local market of Series 13 Notes for an aggregate amount of ARS 1,000,000,000.

The notes were issued on August 3, 2023, under the Non-Convertible Simple Notes Program for up to USD 30,000,000 (or its equivalent in other currencies). Series 13 Notes, denominated and payable in ARS, bear a variable interest rate corresponding to the sum of the ‘Badlar Privada’ Rate and the 5% cut-off margin. The notes will mature on August 3, 2024.

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, thus maximizing value creation for clients, employees, shareholders, suppliers, and the community, within a strict ethical framework.

Marval O’Farrell Mairal advised AESA through a team led by partner Sergio Tálamo, together with associates Juan Pablo Lentino and Agustín Alejo Centurion.