17 Oct 2025

"ARCOR Issues $100 Million Class 2 Negotiable Obligations with Legal Guidance from Muñoz de Toro Abogados and Bruchou & Funes de Rioja"

"Muñoz de Toro Abogados and Bruchou & Funes de Rioja provided legal advice for ARCOR's issuance of Class 2 Negotiable Obligations worth US$100 million under the Simplified Frequent Issuer Regime. The obligations, which have a maturity of 12 months and a fixed annual interest rate of 5.90%, are rated "ML A-1ar" by Moody’s and listed on Bolsas y Mercados Argentinos. The placement agents included several major banks in Argentina."

Muñoz de Toro Abogados and Bruchou & Funes de Rioja acted as legal advisors in connection with the issuance of Class 2 Negotiable Obligations by ARCOR, one of Argentina’s leading food production companies. Muñoz de Toro Abogados advised ARCOR, while Bruchou & Funes de Rioja served as the legal advisor to the placement agents involved in the transaction. The transaction involved the issuance of Negotiable Obligations with a nominal value of US$100,000,000 under the Simplified Frequent Issuer Regime. These obligations will mature 12 months from the issue and settlement date, which is set for October 6, 2026, and will bear a fixed annual nominal interest rate of 5.90% on the outstanding principal, with the principal repaid in a single payment at maturity. The obligations have been rated “ML A-1ar” by Moody’s Local AR Agente de Calificación de Riesgo and are listed on Bolsas y Mercados Argentinos, authorized for trading on A3 Mercados, and eligible through Euroclear Bank and/or Clearstream Banking Société Anonyme. The legal team from Muñoz de Toro Abogados was led by Ricardo Muñoz de Toro, with contributions from Laura Gomes and Guillermina Muñoz de Toro. The team from Bruchou & Funes de Rioja was led by Alejandro Perelsztein, with participation from Sebastián Pereyra Pagiari, Facundo Suarez Loñ, and Gonzalo Vilariño.
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