The Company announces that it has decided to extend the expiration date of its exchange offer of Series XXIII Notes.
The Company announces that it 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 the information provided by the exchange agent, as of June 28, 2022, USD 74,506,286 of the Existing Notes were validly tendered, which represents 65.84% of the outstanding principal amount (28.04% under Option A and 71.96% under Option B).