CRESUD INC. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by CRESUD S.A.C.I.F. and A. (Cresud Inc.) covers the month of July 2024. The report discloses a specific debt service event regarding the Company's Series XLIII Variable Rate Notes.
Key Financial Metrics
- Debt Instrument: Series XLIII Variable Rate Notes.
- Outstanding Principal: ARS 19,886,023,585.
- Annual Nominal Interest Rate: 42.1729%.
- Payment Amount: ARS 2,090,884,023.24 (Second installment of interest).
- Payment Currency: Argentine Peso (ARS).
- Payment Period: April 17, 2024 to July 17, 2024.
- Payment Date: July 17, 2024.
The filing does not provide data on revenue, profit, cash flow, margins, or overall liquidity beyond this specific debt obligation.
Material Changes
The filing reports the scheduled commencement of the second interest payment for the Series XLIII Notes issued on January 17, 2024. No other material changes to financial position or operations are disclosed in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. It is strictly a notice of a debt service payment.
Key Facts for Investor Verification
- Verify the Company's ability to service high-interest local currency debt (42.1729% annual rate).
- Confirm the record date for interest eligibility is July 16, 2024.
- Note that the payment is denominated in ARS, exposing investors to Argentine currency volatility.
- Check subsequent filings for the status of the remaining principal due in 2025.