Edenor Announces the Final Results of Its Offer to Exchange Any and All of Its Outstanding 10.5% Senior Notes Due 2017 for Its 9.75% Senior Notes Due 2022 Plus Cash and of Its Offer to Purchase Any and All of Its Outstanding 10.5% Senior Notes Due 2017 for Cash
BUENOS AIRES, Argentina, Nov. 2, 2010 /PRNewswire/ -- Edenor S.A. (Empresa Distribuidora y Comercializadora Norte S.A.) (the "Company") announces the final results of its offer to exchange any and all of its outstanding 10.5% Senior Notes due 2017 (the "Existing Notes") for its 9.75% Senior Notes due 2022 (the "New Notes") plus cash (the "Exchange Offer") and its offer to purchase any and all of its outstanding 10.5% Senior Notes due 2017 (the "Existing Notes") for cash (the "Offer to Purchase" and together with the Exchange Offer, the "Offers").
As of 5:00 p.m., New York City time, on November 1, 2010 (the "Expiration Time"), U.S. $90,301,000 in aggregate principal amount of the Existing Notes, representing approximately 60.7% of the outstanding Existing Notes, excluding the U.S. $65.3 million of Existing Notes that the Company held as of the launch of the Offers and cancelled on October 18, 2010, had been validly tendered (and not validly withdrawn) in the Exchange Offer and U.S. $33,593,000 in aggregate principal amount of the Existing Notes, representing approximately 22.6% of the outstanding Existing Notes, excluding the U.S. $65.3 million of existing Notes that the Company held as of the launch of the Offers and cancelled on October 18, 2010, had been validly tendered (and not validly withdrawn) in the Offer to Purchase. The total aggregate principal amount of the Existing Notes tendered and exchanged (and not validly withdrawn) in the Offers as of the Expiration Time, was U.S. $123,894,000, representing approximately 83.3% of the outstanding Existing Notes, excluding the U.S. $65.3 million of Existing Notes that the Company held as of the launch of the Offers and cancelled on October 18, 2010.
THE NEW NOTES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS.
SOURCE Edenor S.A.
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