This is the English translation of the letter filed with the
Comision Nacional de Valores and Bolsas y Mercados Argentinos on
June 29, 2022, related to an offer in
Argentina.
BUENOS
AIRES, Argentina, June 29,
2022 /PRNewswire/ -- Cresud Sociedad Anónima
Comercial, Inmobiliaria, Financiera y Agropecuaria (the "Company")
(NASDAQ: CRESY, BYMA:CRES), releases a supplemental notice to the
subscription notice dated June 15,
2022, in order to inform the Eligible Holders that the
Company has decided to extend the expiration date of its
previously announced offer to exchange all of its USD 113,158,632 aggregate principal amount of
outstanding 6.50% Series No. 23 Notes due 2023 for 8.00% Series No.
38 Notes due 2026 to be issued. CRESUD hereby extends the
expiration date to July 6, 2022, and
informs that the Issue and Settlement date will be on July 8, 2022.
According to information provided by the exchange agent, on
June 28, 2022, USD 74,506,286 aggregate principal amount of the
Existing Notes were validly tendered and were not validly
withdrawn, which represents 65.84% of the outstanding aggregate
principal amount of the Existing Notes. Of the aggregate principal
amount of Tendered Notes, (i) USD
20,888,700, representing approximately 28.04% of the
principal amount of Tendered Notes, were tendered under Option A,
and (ii) USD 53,617,586, representing
approximately 71.96% of the principal amount of Tendered Notes,
were tendered under Option B.
Contact: Nicolas Javier
Angiulli, NAngiulli@irsa.com.ar; Amalia
Sternheim, ASternheim@irsa.com.ar; Santiago
Donato, SDonato@irsa.com.ar
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content:https://www.prnewswire.com/news-releases/cresud-nasdaq-cresy-byma-cres-announces-that-it-has-decided-to-extend-the-expiration-date-of-the-exchange-offer-for-the-series-xxiii-notes-301578239.html
SOURCE Cresud S.A.C.I.F. y A.