By William Gullotti
Buffalo, N.Y., Sept. 3 – Bioceres Crop Solutions Corp.’s subsidiary, Rizobacter Argentina SA, completed a $16.1 million offering of series VI corporate bonds in a public offering in the Argentine market, according to a 6-K filing with the Securities and Exchange Commission.
The class A tranche was for $12.7 million of 3¾% bonds maturing March 2023.
The class B tranche was for $3.4 million of 5¼% bonds maturing September 2024.
Proceeds will be used for general corporate purposes, while extended debt maturities and reducing 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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| Issue | Series VI bonds
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| Amount: | $16.1 million
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| Filing date: | Sept. 3
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| Distribution: | Public
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|
|
| Class A bonds
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| Amount: | $12.7 million
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| Maturity: | March 2023
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| Coupon: | 3¾%
|
|
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| Class B bonds
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| Amount: | $3.4 million
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| Maturity: | September 2024
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| Coupon: | 5¼%
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