DLA Piper advised Empresa Distribuidora de Electricidad de Mendoza S.A. (Edemsa), a leading electricity distributor, on a US$300 million offering of Class 8 Notes and a concurrent tender offer for its outstanding Class 6 Notes.
The Class 8 Notes were issued under Edemsa’s Global Program for the Issuance of Non-Convertible Notes, which permits up to US$400 million outstanding. The notes are denominated and payable in US dollars, bear interest at 9.75 percent per annum, and mature on June 11, 2033.
In connection with the offering, Edemsa completed a tender offer for its outstanding Class 6 Notes. Holders tendered US$126.155 million aggregate principal amount, representing 84.1 percent of the series outstanding, supporting the company’s broader liability management strategy.
The DLA Piper team that advised Edemsa was led on New York law matters by Partner Marcelo Etchebarne, Of Counsel Nicolás Teijeiro, and Associate Daiana Suk, and on Argentine law matters by Partner Alejandro Noblía, Associates Federico Vieyra, Ignacio Comparato, and paralegal Maia Klein.
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.
