Rizobacter Argentina S.A., a subsidiary of Bioceres Crop Solutions Corp., successfully completed a US$25.9 million public offering of Series X corporate bonds in the Argentine market. This financing initiative aims to support the company's working capital needs and extend its debt maturities.
The offering was structured in two tranches: Class A bonds, totaling approximately US$2.4 million, carry an interest rate of 7.0% per annum and are due in November 2026. The larger Class B tranche, amounting to approximately US$23.5 million, features an 8.0% per annum interest rate and matures in November 2027.
This bond issuance provides Rizobacter with additional financial flexibility, allowing it to manage its short-term liquidity and improve its overall debt structure. The proceeds are specifically earmarked for operational support and extending the repayment schedule of existing obligations.
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