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EDEMSA Finalizes Debt Tender Offer for 9.75% Notes

Holders representing 84.10% of EDEMSA’s outstanding 9.75% step-up notes due 2031 have participated in the company’s recent debt tender offer. The utility provider confirmed it has secured the necessary consents to amend restrictive covenants within the indenture, effectively restructuring its debt obligations following the expiration of the offer period.

EDEMSA Finalizes Debt Tender Offer for 9.75% Notes
Photo: Bio & News

As of the June 18 expiration, investors had tendered $126,155,000 in aggregate principal amount of the existing notes. The company is set to complete the final settlement on June 23, 2026, paying $950 per $1,000 of principal for notes submitted after the early deadline, plus accrued interest.

EDEMSA previously executed a supplemental indenture on June 11 to formally adopt the proposed amendments, which remove most restrictive and affirmative covenants from the original July 2025 agreement. The solicitation process complied with Argentina’s Negotiable Obligations Law. Sodali & Co served as the information and tender agent, while Banco BTG Pactual, BofA Securities, and UBS Investment Bank managed the solicitation process.

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