CRESUD INC. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on January 10, 2025, by CRESUD S.A.C.I.F. and A. (Cresud Inc.), discloses a payment notice regarding the Company's Series XLIII Variable Rate Notes. The filing pertains to the fourth installment of interest and capital amortization due on January 17, 2025.
Key Financial Metrics
| Metric | Value |
|---|---|
| Outstanding Principal | ARS 19,886,023,585 |
| Annual Nominal Interest Rate | 36.1594% |
| Interest Payment Amount | ARS 1,812,442,045.81 |
| Capital Amortization Amount | ARS 19,886,023,585 |
| Total Payment (Interest + Capital) | ARS 21,698,465,630.81 |
| Currency | ARS (Argentine Peso) |
| Payment Agent | Caja de Valores S.A. |
Material Changes and Payment Details
The filing announces the full repayment of the principal amount for the Series XLIII Notes, which were originally issued on January 17, 2024. The payment covers the period from October 17, 2024, to January 17, 2025. This transaction represents the final installment, as the entire outstanding capital is being amortized alongside the accrued interest.
Outlook and Management Commentary
The filing does not provide forward-looking guidance, general management commentary, or a discussion of risks beyond the specific obligation to pay the notes. The payment is scheduled to be made to noteholders registered as of January 16, 2025.
Investor Verification Checklist
- Verify the exchange rate of the Argentine Peso (ARS) to USD on the payment date to assess the actual USD value of the debt service.
- Confirm the Company's liquidity position to ensure the ability to meet the full ARS 21.7 billion payment obligation.
- Check for any subsequent filings regarding the impact of this debt repayment on the Company's overall leverage ratios.
- Validate the registration cutoff date (January 16, 2025) for eligible noteholders.