DLA Piper advised Empresa Distribuidora y Comercializadora Norte S.A. (Edenor), Argentina’s largest electricity distributor, on its issuance of Class 11 Notes for approximately US$213 million.
The Notes are denominated and payable in US dollars abroad, bear interest at a fixed rate of 7.50 percent per annum and will be repaid in full at maturity. The Notes were subscribed and settled in US dollars deposited both in Argentina and abroad.
The DLA Piper deal team was led by Partner Alejandro Noblía with assistance from Associates Federico Vieyra and Ignacio Comparato (all Buenos Aires).
DLA Piper’s Latin America team offers full-service business legal counsel to domestic and multinational companies with interests and operations throughout the region. Our integrated approach combines local knowledge with the resources of DLA Piper’s global platform. With more than 400 lawyers practicing throughout Argentina, Brazil, Chile, Mexico, Peru, and Puerto Rico, together with our US-based cross-border attorneys, our teams frequently collaborate with colleagues across the Latin America region, the Iberian Peninsula, and around the world. DLA Piper’s global platform of 90+ offices in more than 40 countries enables us to serve clients’ legal and business needs, whether they are based in Latin America or seeking to do business there. For more information, visit Latin America | DLA Piper.
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