Bioceres SA defaults on $5.3 million in debt securities

Bioceres SA, the original corporate vehicle behind Argentina’s leading ag-biotech company Bioceres Crop Solutions (NASDAQ: BIOX), has defaulted on $5.31 million in marketable debt notes that matured in June. Total obligations tied to the defaulted instruments now stand at approximately $30 million through July 2026, according to filings with Caja de Valores and the Central de Deudores (Cendeu-MAV).

Data from the Mercado Argentino de Valores shows the company also faces an additional $7.5 million in debt maturities this month. Despite the missed payments, Bioceres SA currently has no bounced checks or electronic credit invoices (FCEs) on record with Argentina’s central bank (BCRA), Bloomberg Línea reported.

Bioceres SA, founded in 2001 by a group of agricultural producers, is structurally independent from Bioceres Crop Solutions, which commercializes technologies such as drought-tolerant wheat and soy. The U.S.-listed entity is not implicated in the default.

The debt default comes as Bioceres Crop Solutions continues its internationalization strategy. In June, the company announced changes to its board, appointing Noah Kolatch and Scott Crocco as directors. Bioceres Group, the parent company of Bioceres SA, recently merged with Moolec Science but continues to operate as a holding structure for biotech ventures. While Bioceres SA’s local financial condition has weakened, market sources say Bioceres Crop Solutions’ capital structure remains unaffected.

In a June statement, Bioceres Crop Solutions CEO Federico Trucco said the new board members would “enhance our strategic execution and deliver value for shareholders and partners.”

The default underscores persistent financial strain within Bioceres SA’s domestic operations, even as the broader group advances global ambitions.