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Simpson Thacher Represents Cresud in US$60 Million Bond Placement

09.12.11

The Firm represented Cresud S.A.C.I.F. y A. (Nasdaq: CRESY; BASE: CRES)  in connection with its placement of US$60 million Fourth Series, Class VIII notes maturing in 2014. The offering was conducted under Regulation S of the Securities Act and the proceeds will be used to refinance debt and for general corporate purposes. Cresud is a leading Argentine agricultural company with a growing presence in the Brazilian agricultural sector through its investment in BrasilAgro-Companhia Brasileira de Propriedades Agricola.

The Simpson Thacher team for the transaction included David Williams, Rafael Berckholtz, Dora Jimenez and Diego Nogueira  (Corporate).