The tap issuance is a routine refinancing/liability management move at a fixed 6.25% rate. Monitor upcoming quarterly filings for any change in total leverage or use of proceeds. No immediate trading catalyst.
Price Chart
Executive Summary
Cresud issued USD 40.4 million in Series LIII Additional Notes in the local capital markets, a tap of its existing April 2026 issuance. The notes carry a 6.25% coupon, mature in April 2030, and are fungible with the original series. This is a routine debt capital markets transaction that modestly extends the company's liability structure without altering its credit profile in a material way.
Key Facts
- Issued USD 40.4 million in Series LIII Additional Notes
- Interest rate of 6.25% per annum
- Maturity date: April 30, 2030 (bullet at maturity)
- Issuance price of 102.88% of face value, including accrued interest
- Notes are fully fungible with original Series LIII Notes issued April 30, 2026
- Settlement date: August 31, 2026
Financial Impact
USD 40.4 million in new debt issued at 6.25% coupon, representing approximately 5.1% of the company's $794M market cap
Risk Factors
- Argentine macroeconomic and currency risk could affect the company's ability to service USD-denominated debt
- Additional debt increases interest expense, though at a moderate scale relative to market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (CRESY) — Batch item 1 | 0001034957-26-000059 |
| Document: 0001034957-26-000059-index-headers.html | 0001034957-26-000059 |
| Document: 0001034957-26-000059-index.html | 0001034957-26-000059 |
| Document: 0001034957-26-000059.txt | 0001034957-26-000059 |
| 6-K Filing (CRESY) — Batch item 5 | 0001034957-26-000059 |
| Document: 0001034957-26-000059-index-headers.html | 0001034957-26-000059 |
| Document: 0001034957-26-000059-index.html | 0001034957-26-000059 |
| Document: 0001034957-26-000059.txt | 0001034957-26-000059 |
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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