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Prospect News home > News index > List of issuers E > Headlines for Empresa Distribuidora y Comercializadora Norte SA (Edenor SA) > News item |
Argentina's Edenor plans minimum $150 million notes sale concurrent with tender, exchange
By Andrea Heisinger
New York, Oct. 1 - Argentina's Empresa Distribuidora y Comercializadora Norte SA (Edenor) is planning a sale of at least $150 million in 9¾% notes due 2022 concurrently with a tender and exchange offer, according to a press release.
The notes will be priced under Rule 144A and Regulation S, with proceeds going to finance the offer to purchase existing notes. The deal is concurrent with an exchange offer of 10½% senior notes due 2017 for the new notes due 2022, plus cash.
Pricing of the new notes is expected around Oct. 15, which is the early participation deadline for holders to validly tender existing notes.
The company distributes and sells electricity and is based in Buenos Aires.
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