Bioceres Crop Solutions Completed Previously Announced Financing Agreements Totaling $79 Million | national company

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ROSARIO, Argentina–(BUSINESS WIRE)–August 9, 2022–

Bioceres Crop Solutions Corp. (NASDAQ: BIOX) (“Bioceres” or the “Company”), a fully integrated provider of crop productivity solutions designed to enable agriculture’s transition to carbon neutrality, has finalized and executed the agreements corresponding to the capital commitments announced on March 16, 2022, as part of the announcement of the Marrone Bio Innovations merger agreement.

The Company has issued secured secured convertible notes to Jasper Lake Ventures One LLC, Redwood Enhanced Income Corp. and Liminality Partners LP for an aggregate principal amount of $55 million. The notes have a 4-year maturity and bear interest at an annual interest rate of 9%, of which 5% is payable in cash and 4% in kind. At any time up to maturity, noteholders could elect to convert the outstanding principal amount into common shares of Bioceres at an exercise price of $18 per share. The Company may voluntarily redeem the Notes 30 months after the issue date. The proceeds will be used for the termination of existing financial obligations of ProFarm Group (formerly Marrone Bio Innovations Inc.), working capital for the execution of cost and sales synergies arising from the merger and for general corporate purposes. .

In addition, in connection with the recent conversion into common shares of Bioceres of 75% of the convertible notes issued in March 2020 to Solel-Bioceres SPV LP (“Solel”), Bioceres issued new guaranteed secured notes to Solel corresponding to the 25 remaining notes % of outstanding principal amount and the redemption of the underlying 1,526,454 common shares. The new notes have a principal amount of $24.4 million, a maturity of 4 years and an annual interest rate of 9%, of which 5% is payable in cash and 4% in kind. Bioceres may redeem the new bonds at face value at the end of months 24 and 36, with the annual interest rate increasing to 13% and 14% accordingly, if the Company does not exercise its early redemption rights. The new Solel bonds have no right of conversion into ordinary shares of Bioceres.

About Bioceres Crop Solutions Corp.

Bioceres Crop Solutions Corp. (NASDAQ: BIOX) is a fully integrated provider of crop productivity technologies designed to enable agriculture’s transition to carbon neutrality. To do this, Bioceres solutions create economic incentives for farmers and other stakeholders to adopt more environmentally friendly production practices. The company has a unique biotechnology platform with high-impact patented technologies for seeds and microbial agricultural inputs, as well as next-generation nutrition and crop protection solutions. Through its HB4 program, the company provides digital solutions to support producer decisions and provide end-to-end traceability of production outputs. For more information, go here.

Forward-looking statements

This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “forecast”, “have the ‘intent’, ‘seek’, ‘target’, ‘anticipate’, ‘believe’, ‘expect’, ‘estimate’, ‘plan’, ‘outlook’ and ‘project’ and other similar expressions that predict or indicate future events or trends or are not statements of historical matters. These forward-looking statements are based on management’s reasonable current assumptions, expectations, plans and forecasts regarding the Company’s current or future results and future business and economic conditions more generally. These forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, levels of activity, performance or achievements of the Company to be materially different from any future results expressed or implied. by these forward-looking statements, and it cannot guarantee that actual results will not differ materially from management’s expectations or could affect the Company’s ability to achieve its strategic objectives, including the uncertainties associated with the impact of COVID- 19 on the business, operations, liquidity and financial results of the Company and the other factors which are described in the sections entitled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, updated from time to time. The foregoing list is not intended to be an exhaustive list of all of our forward-looking statements. Accordingly, you should not rely on any of these forward-looking statements as predictions of future events. All forward-looking statements contained in this release are qualified in their entirety by this cautionary statement. Forward-looking statements speak only as of the date they are or were made, and the Company does not intend to update or otherwise revise any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unforeseen events. events, except as required by law.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220809005653/en/

CONTACT: Investor Relations Contact

chris tyson

Executive Vice President

MZ Group – MZ North America

(949) 491-8235

[email protected]

www.mzgroup.usBioceres Crop Solutions

Paula Savanti

Head of Investor Relations

[email protected]

KEYWORD: ARGENTINA SOUTH AMERICA

INDUSTRY KEYWORD: ENVIRONMENT SUSTAINABILITY AGRICULTURE NATURAL RESOURCES OTHER SCIENCE SCIENCE

SOURCE: Bioceres Crop Solutions Corp.

Copyright BusinessWire 2022.

PUBLISHED: 08/09/2022 08:30/DISC: 08/09/2022 08:33

http://www.businesswire.com/news/home/20220809005653/en

Copyright BusinessWire 2022.


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