Form 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


FORM 6-K

 


REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15b-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of May, 2006

 


CRESUD SOCIEDAD ANONIMA COMERCIAL INMOBILIARIA

FINANCIERA Y AGROPECUARIA

(Exact name of Registrant as specified in its charter)

CRESUD INC.

(Translation of registrant’s name into English)

 


Republic of Argentina

(Jurisdiction of incorporation or organization)

Moreno 877, 23rd Floor, (C1091AAQ)

Buenos Aires, Argentina

(Address of principal executive offices)

 


Form 20-F      T            Form 40-F              

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes                      No      T    

 



CRESUD S.A.C.I.F. and A

(THE “COMPANY”)

REPORT ON FORM 6-K

Attached is an English translation of the summary of the letter dated on May 2, 2006 filed by Company with the Comisión Nacional de Valores.


By letter dated May 2, 2006, the Company reported that following up on the information disclosed in connection with the entrance the Brazilian market through the company BrasilAgro, the Company entered into a loan agreement with Credit Suisse International for an amount of up to US$ 8,000,000 aimed at funding in a more efficient manner, from the financial and business perspectives, the various aspects related to its investment in Brazil. The term of the referred loan is two years and a half and it accrues interest at 3-month LIBOR rate plus 375 basis points.


SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Buenos Aires, Argentina.

 

  

CRESUD SOCIEDAD ANONIMA COMERCIAL INMOBILIARIA

                        FINANCIERA Y AGROPECUARIA

   By:   

/S/ Saúl Zang

   Name:    Saúl Zang
   Title:    Vice Chairman of the Board of Directors

Dated: May 3rd, 2006