EGFA and TCA in first placement of EDESA Notes
EGFA Abogados has advised Empresa Distribuidora de Electricidad de Salta (EDESA), as issuer, and Tanoira Cassagne Abogados advised the underwriters, in the placement of the Class I Notes.
The Class I Notes were issued for a par value of US$30,000,000 at a rate of 5% denominated in US dollars and payable in pesos at the exchange rate of payment with maturity 24 months from the date of issue and settlement.
Balanz Capital Valores, Banco CMF, Zofingen Securities and Global Valores acted as underwriters.
EGFA advised EDESA in the creation of its Global Programme for the issuance of simple Negotiable Obligations (not convertible into shares) for up to V/N U$S 200,000,000,000 outstanding at any time (or its equivalent in other currencies or units of value), which authorization was granted by the Comisión Nacional de Valores (CNV) on April 28, 2023.
EDESA is the only electricity distribution company operating in the Province of Salta.
EGFA’s team was led by partners Ximena Digon (pictured left) and Carolina Curzi (pictured centre, left), with support from associates Luciano Giménez, Chiara Basso and Tomás Ponce Peñalva.
TCA’s team was composed of partners Alexia Rosenthal (pictured centre, right) and Jaime Uranga (pictured right), and associates Ignacio Criado Diaz, Carolina Mercero, Federico Grieben and Alejo Medici Raymundi.
