BUENOS AIRES, Argentina,
June 13, 2017 /PRNewswire/
-- Banco Macro S.A. (NYSE: BMA; Bolsas y Mercados Argentinos
S.A./Mercado Abierto Electrónico S.A.: BMA) ("Banco Macro")
announces today that it has priced its previously announced global
primary follow-on offering of Class B ordinary shares and American
Depositary Shares ("ADSs"), each representing 10 Class B ordinary
shares (the "Offering"), consisting of (i) a preferential rights
offering of Class B ordinary shares to existing shareholders in
Argentina which expired on
June 12, 2017, (ii) an offering of
Class B ordinary shares in Argentina and (iii) an offering of ADSs in
the United States, which has been
registered with the U.S. Securities and Exchange Commission (the
"SEC"). The portions of the Offering conducted in Argentina were not be registered with the SEC
and were not addressed to persons in the
United States. The Offering priced at US$9 per Class B ordinary share (the "Offering
Price Per Share") or US$90 per ADS
for an aggregate Offering size US$666
million. Pursuant to the Offering, Banco Macro has granted
the underwriters an option to purchase from Banco Macro up to an
additional 11.1 million of Class B ordinary shares at the Offering
Price per Share. The preferential rights offering of Class B
ordinary shares to existing shareholders in Argentina represented 9.7% of the Offering
(excluding preferential rights assigned to facilitate the
international offering).
Banco Macro intends to use the proceeds from the offering for
general corporate purposes and, specifically, to be in a position
to fund the expansion of credit demand in Argentina and to take advantage of potential
acquisition opportunities in the Argentine banking system.
Goldman Sachs & Co. LLC is acting as Global Coordinator and
Joint Bookrunner, BofA Merrill Lynch is acting as Joint Bookrunner,
and Macro Securities S.A. is serving as Placement Agent in
Argentina for the Offering.
A registration statement on Form F-3 and a prospectus relating
to the ADSs have been filed with the SEC.
Copies of the prospectus relating to the ADSs may be obtained
from Goldman Sachs & Co. LLC, Attention: Prospectus Department,
200 West Street, New York, NY
10282, by telephone toll-free at 1-866-471-2526 or by email at
prospectus-ny@ny.email.gs.com; from BofA Merrill Lynch at
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte,
NC 28255-000, Attn: Prospectus Department, Email:
dg.prospectus_requests@baml.com. The registration statement and the
prospectus are available on the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
This press release includes statements concerning potential
future events involving Banco Macro that could differ materially
from the events that actually occur. The differences could be
caused by a number of risks, uncertainties and factors relating to
Banco Macro's business. Banco Macro will not update any
forward-looking statements made in this press release to reflect
future events or developments.
IR Contact in Buenos
Aires:
Jorge Scarinci
- Finance & IR Manager
E-mail: investorelations@macro.com.ar / Phone: (5411) 5222 6682
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/banco-macro-sa-announces-pricing-of-primary-follow-on-offering-300473293.html
SOURCE Banco Macro S.A.