Telecom Argentina tenders for up to $200 million 6½% notes due 2021

By Rebecca Melvin

New York, July 10 – Telecom Argentina SA is making a cash tender offer for up to $200 million of its outstanding 6½% notes due June 15, 2021.

The company is offering to pay $997.50 per $1,000 principal amount of notes if notes are tendered by 5 p.m. ET on July 23, and $967.50 per $1,000 principal amount of notes if the notes are tendered after the early deadline but by 11:59 p.m. ET on Aug. 6.

The total amount outstanding of the issue is $500 million and if the tender offer is oversubscribed, the company will accept notes on a prorated basis.

The tender offer is conditioned on successful pricing of a new series of notes, which is being announced concurrently with the tender offer.

Global Bondholder Services Corp. (212 430 3774, banks and brokers or 866 470 3774, toll-free or contact@gbsc-usa.com) is acting as the depositary and information agent for the tender offer. Citigroup Global Markets Inc. (800 558 3745), HSBC Securities (USA) Inc. (212 525 5552, collect or 888 HSBC 4LM, toll-free), J.P. Morgan Securities LLC (212 834 7279, collect or 866 846 2874, toll-free) and Santander Investment Securities Inc. (212 940 1442, collect or 855 404 3636, toll-free) are acting as dealer managers.

Telecom Argentina is a telecommunications company based in Buenos Aires.

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