CRESUD INC current report, Q3 FY2024

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CRESUD INC. Form 6-K Summary

Business Context and Reporting Period

This Form 6-K filing by CRESUD INC. (Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria) covers the month of July 2024. The report details a specific debt service event regarding the Company's Series XXXIII Fixed Rate Notes.

Key Financial Metrics

The filing provides specific data points related to the debt instrument payment scheduled for July 8, 2024:

  • Instrument: Series XXXIII Fixed Rate Notes (issued July 6, 2021).
  • Original Principal Amount: USD 18,797,690.
  • Outstanding Capital: USD 6,391,214.60.
  • Annual Nominal Interest Rate: 6.99%.
  • Payment Components: Sixth installment of interest and third installment of capital.
  • Interest Payment Amount: USD 222,760.97.
  • Capital Payment Amount: USD 6,391,214.60 (representing 34% of the nominal value).
  • Currency: USD.

The filing does not provide consolidated revenue, profit, cash flow, or liquidity metrics for the Company as a whole.

Material Changes

This filing reports a scheduled contractual obligation rather than a material change in business operations or financial performance compared to prior periods. The payment represents the third capital installment and sixth interest installment on the Series XXXIII Notes.

Guidance, Outlook, and Risks

The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the execution of the debt payment. The payment is administered by Caja de Valores S.A., with the record date set for July 5, 2024.

Investor Verification Checklist

  • Verify the receipt of the USD 222,760.97 interest payment and USD 6,391,214.60 capital payment by July 8, 2024.
  • Confirm the reduction of the outstanding principal balance on the Series XXXIII Notes following this payment.
  • Review the Company's broader debt schedule to assess remaining capital obligations on this and other note series.
  • Check for any subsequent filings regarding the Company's overall liquidity position, as this 6-K is limited to a single debt instrument.