By Mary-Katherine Stinson
Lexington, Ky., Feb. 9 – Bioceres Crop Solutions Corp.’s subsidiary Rizobacter Argentina SA completed a two-tranche $26.5 million public offering of series VIII corporate bonds in the Argentine market, according to a 6-K filing with the Securities and Exchange Commission.
The class A $21.5 million 1˝% bonds are due Feb. 10, 2025.
The class B $5 million 3.98% bonds are due Feb. 10, 2026.
Principal in the amount of 25% is due on the bonds on Aug. 10, 2024 and Aug. 10, 2025, respectively.
Proceeds will be used to support working capital, as well as for general corporate purposes.
The issue extends the company’s debt maturities and reduces financing costs.
The company is a Rosario, Argentina-based provider of crop productivity solutions focused on the transition of agriculture toward carbon neutrality.
| Issuer: | Rizobacter Argentina SA
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| Amount: | $26.5 million
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| Issue: | Series VIII bonds
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| Announcement date: | Feb. 8
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| Distribution: | Public
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| 2025 bonds
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| Amount: | $21.5 million
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| Maturity: | Feb. 10, 2025
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| Coupon: | 1.5%
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| 2026 bonds
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| Amount: | $5 million
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| Maturity: | Feb. 10, 2026
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| Coupon: | 3.98%
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