Loan & DebtApr 29, 2026, 02:13 PM
EDENOR Increases Tender Cap to $175M for 9.75% Senior Notes Due 2030
AI Summary
EDENOR announced the early tender results for its offer to purchase its 9.75% Senior Notes due 2030. The company increased the tender cap from $150 million to $175 million. As of the early tender deadline, $270.37 million in notes were tendered, and EDENOR accepted $175 million for purchase at $1,020 per $1,000 principal amount, applying a 64.73% scaling factor. Early settlement is expected on April 30, 2026.
Key Highlights
- Increased tender cap for 9.75% Senior Notes due 2030 from $150M to $175M.
- Received tenders for $270.37M principal amount of notes by the early deadline.
- Accepted $175M principal amount of notes for purchase.
- Early Tender Offer Consideration set at $1,020 per $1,000 principal amount.
- Applied a scaling factor of 64.73% due to oversubscription.
- Early settlement date expected on April 30, 2026.