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Argentina's Autopistas del Sol extends first step exchange deadline
By Caroline Salls
Pittsburgh, Feb. 11 - Autopistas del Sol SA has extended the deadline for the first step of its notes exchange offer to 5 p.m. ET on March 3 from Feb. 10, according to a company news release.
Under the first step of the exchange, all of the company's escalating-interest notes due 2014 and all of its 11½% notes due 2017 will be exchanged for $50 million of notes due 2015 at part, cash and escalating-interest notes due 2010 at par.
Under the second step of the exchange, all of the notes issued under the first exchange will be exchanged for 10% discount notes due 2017.
As of the original first step deadline, the company had received consents from holders of 31.9% of the notes, or $97.8 million.
Autopistas del Sol is a Buenos Aires-based transportation company.
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