DLA Piper and TCA advise on $30m issue by Edenor
DLA Piper Argentina has advised Empresa Distribuidora y Comercializadora Norte (Edenor) and Tanoira Cassagne has advised the underwriters on its issuance of Class 2 Notes.
The issue was made on 22 September 2022 for an amount of US $30,000,000,000 under the Global Programme for the Issuance of Simple Negotiable Obligations (not convertible into shares) for a nominal value of up to US $750,000,000,000.
The Notes were denominated and payable in dollars at a fixed rate to be tendered and maturing 26 months from the Issue and Settlement Date, and will pay interest semi-annually in arrears on May 12 and November 12 of each year.
Edenor will use the total net proceeds from the issue to invest in infrastructure projects.
Global Valores, Balanz Capital Valores, SBS Trading, Invertir en Bolsa, Adcap Securities Argentina, Macro Securities, Allaria Ledesma & CIA. and Banco Mariva acted as underwriters.
María José Pérez Van Morlegan, Federico Ponelli and Sabrina Belén Hernández acted as in-house counsel to Edenor.
DLA Piper’s team included partner Alejandro Noblia and associate Federico Vieyra.
TCA’s team comprised partners Alexia Rosenthal (pictured left) and Jaime Uranga (pictured right), and associates Ignacio Criado Díaz, Carolina Mercero and Teófilo Trusso.
