Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Exchange Offer Series XXIV Notes Extension - Resolution A 7106 Argentine Central Bank
November 06, 2020 at 03:24 pm EST
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The Company released a material fact to inform the extension and the results, as of today, for the Exchange Offer of Series XXIV Notes.
The Company informs that it has resolved to extend the period to participate in the Exchange Offer and the Expiration Date to November 10, 2020 at 8:00 p.m. (Buenos Aires City time) and has defined that the Issue and Settlement Date will be November 12, 2020. This extension does not imply a modification to the economic terms of the Exchange Offer.
Additionally, it is reported that, to date, Eligible Holders have been presented for a total amount equivalent to USD 24,618,878 for Class XXXI and USD 34,300,300 for Class XXXII, totaling USD 58,919,178 between both classes, representing approximately 80.05% of the face value of the Existing Negotiable Obligations in circulation.
Likewise, it is announced that, considering that to date Eligible Holders have been presented for a total amount equivalent to USD 34,300,300 to subscribe the Class XXXII Negotiable Obligations, the Capital Repayment established for the Class XXXI Negotiable Obligations would be increased from USD 0.40 at least USD 0.749.
For more information, refer to the Prospectus dated October 23, 2020, Exchange Supplement, the Subscription Notice and complementary documents.
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Cresud S.A.C.I.F. y A. published this content on 06 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 November 2020 20:23:03 UTC
Cresud SACIF y A is an Argentina-based company engaged mainly in telecommunications sector. Through its subsidiaries, it operates two segments: Agricultural Business and Urban Properties and Investment Business, which is divided into: Operations Center Argentina and Operations Center Israel. Agricultural Business focuses on acquiring, developing and exploiting agricultural properties. It is involved in farming activities, cattle raising, leasing land to third parties and perform agency and agro-industrial services, including a meat packing plant. Operations Center Argentina is engaged in the development, acquisition and operation of shopping malls, offices and hotels, among others, in Argentina, and owns selective investments outside Argentina. Operations Center Israel includes real estate activities in Israel and abroad, supermarket chain management and telecommunications services, both locally, as well as is engaged in the insurance, pension and provident funds, among others.
Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Exchange Offer Series XXIV Notes Extension - Resolution A 7106 Argentine Central Bank
CRESUD SOCIEDAD ANÓNIMA, COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA 
