Debt issuance is routine capital markets activity for an Argentine real estate/agriculture company. Monitor upcoming 10-Q for use of proceeds and any impact on leverage ratios. No immediate catalyst for CRESY shares.
Price Chart
Executive Summary
Cresud issued USD 64.2 million in two tranches of local-market notes (Series LII: USD 41.2M at 4.75% due 2028; Series LIII: USD 23.0M at 6.25% due 2030) to refinance debt or fund operations. The debt raise is modest relative to the $689M market cap and carries manageable interest costs, but adds leverage without disclosed use of proceeds.
Key Facts
- Total notes issued: USD 64.2 million equivalent in local capital markets
- Series LII: USD 41.2M at 4.75%, bullet maturity April 30, 2028
- Series LIII: USD 23.0M at 6.25%, bullet maturity April 30, 2030
- Both tranches priced at 100% face value, denominated in USD
- First interest payment on both series is 9 months from settlement (Jan 2027), then semiannual
- Issuance and settlement date: April 30, 2026
Financial Impact
USD 64.2 million in new debt, representing ~9.3% of market cap; blended interest cost ~5.3%
Risk Factors
- Increased leverage from USD 64.2M in new notes
- Argentine macroeconomic and currency risk affecting repayment capacity
- No stated use of proceeds — potential for shareholder-unfriendly allocation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001034957-26-000030 |
| Document: 0001034957-26-000030-index-headers.html | 0001034957-26-000030 |
| Document: 0001034957-26-000030-index.html | 0001034957-26-000030 |
| Document: 0001034957-26-000030.txt | 0001034957-26-000030 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 6-K | $11.45 $10.79 | ▼ −5.76% | ▼ −6.47% | $10.79 (−5.76%) |
Oct 22, 2026 4d ago | 6-K | $11.45 $10.79 | ▼ −5.76% | ▼ −6.47% | $10.79 (−5.76%) |
Oct 22, 2026 4d ago | 6-K | $10.90 $11.45 | ▲ +5.05% | ▲ +5.57% | $10.79 (−1.01%) |
Oct 21, 2026 5d ago | 20-F | $10.90 $11.45 | ▲ +5.05% | ▲ +5.57% | $10.79 (−1.01%) |
Sep 17, 2026 5w ago | 6-K | $12.83 $12.76 | ▼ −0.55% | ▼ −0.43% | $10.79 (−15.90%) |
Aug 28, 2026 8w ago | 6-K | $11.50 $11.67 | ▲ +1.48% | ▲ +2.17% | $10.79 (−6.17%) |
Aug 27, 2026 8w ago | 6-K | $11.22 $11.06 | ▼ −1.43% | ▼ −1.20% | $10.79 (−3.83%) |
Aug 27, 2026 8w ago | 6-K | $11.22 $11.06 | ▼ −1.43% | ▼ −1.20% | $10.79 (−3.83%) |
Jul 30, 2026 12w ago | Insider Cluster | $11.61 $11.21 | ▼ −3.45% | ▼ −4.15% | $10.79 (−7.06%) |
Jul 14, 2026 14w ago | 6-K | $10.91 $11.04 | ▲ +1.19% | ▲ +0.80% | $10.79 (−1.10%) |
US Market Status
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