According to the request made by the Company, which was duly informed to the market at the time, the Financial Superintendence by Resolution 1381 of August 12, 2014 authorized Grupo Argos S.A. an Issuance Program of Ordinary Bonds and Commercial Papers for a maximum global value of up to one trillion pesos (COP$1.000.000.000.000).
It is worth noting that an Issuance Program allows the relevant issuer, under an overall quota, to place several issues through public offering for a limited period, in this case of
3 years.
In this specific case the Issuance and Placement Program aims to grant the Company the flexibility to access the market in times that are deemed appropriate in order to make the most of it and thereby consolidate the funding scheme of the Company and enable a successful financial planning that has already been structured.
The proceeds from the various debt issues under this program will be used to finance the growth plan of the Issuer, leverage its expansion plan, finance their short-term needs, and/or for the replacement of its financial liabilities.
August 13, 2014
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