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 October 2024. The report serves as an English translation of a payment notice regarding the Company's Series XLIII Variable Rate Notes.
Key Financial Metrics
The filing details a specific debt service event rather than comprehensive financial statements. Key metrics related to the Series XLIII Notes include:
- Outstanding Principal: ARS 19,886,023,585
- Annual Nominal Interest Rate: 38.7125%
- Interest Payment Amount: ARS 1,940,412,802.72
- Payment Currency: Argentine Peso (ARS)
- Payment Agent: Caja de Valores S.A.
The filing text does not provide clear values for revenue, profit, cash flow, margins, or overall liquidity beyond this specific debt obligation.
Material Changes and Debt Service
The Company announced the commencement of the third installment of interest payments for the Series XLIII Notes, which were originally issued on January 17, 2024. The payment covers the period from July 17, 2024, to October 17, 2024. The effective payment date is October 17, 2024, with eligibility determined by registration on October 16, 2024.
Outlook, Risks, and Management Commentary
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. It is strictly a notification of a scheduled debt service payment. The high nominal interest rate (38.7125%) reflects the variable rate nature of the instrument in the Argentine market.
Investor Verification Checklist
- Verify the registration date of October 16, 2024, to confirm eligibility for the interest payment.
- Confirm the actual receipt of the ARS 1,940,412,802.72 payment via Caja de Valores S.A. on October 17, 2024.
- Monitor the variable interest rate mechanism for future installments of the Series XLIII Notes.
- Review the Company's broader 20-F filing for comprehensive financial performance data not included in this 6-K.