0001034957-26-000028
SEC filingCresud S.A.C.I.F. and A. will pay the third capital installment of USD 10,215,492.44 on May 4, 2026, for its Series XLII Fixed Rate Notes due 2026, with no interest payable and principal denominated in ARS despite USD reporting.
This 6-K discloses a scheduled capital repayment under Cresud’s Series XLII Notes, representing a material debt service event but not a refinancing or new financing. The USD 10.22 million payment constitutes 34% of the original USD 30.05 million principal and fully extinguishes the remaining outstanding balance—confirming the notes mature on May 4, 2026. The zero-coupon structure (0.00% annual nominal interest rate) means no interest component is involved, simplifying cash outflow but also indicating the instrument was likely issued at a discount. Notably, while principal amounts are denominated and reported in USD, the actual payment is made in ARS, exposing noteholders to Argentine peso volatility between record date (April 30, 2026) and payment date (May 4, 2026). The payment agent is Caja de Valores S.A., a regulated Argentine depository, confirming local settlement infrastructure is used. As this is a contractual amortization—not an early redemption or covenant breach—it reflects routine execution of existing obligations, with no disclosed financial covenants, restrictions, or use-of-proceeds conditions attached to this installment.