BUENOS AIRES, Argentina
, /PRNewswire/ --
(Empresa Distribuidora y Comercializadora Norte S.A.) (the "Company")
announces that it has accepted and exchanged U.S.
of its outstanding 10.5% Senior Notes due 2017 (the "Existing Notes") that were tendered prior to the Exchange Offer Early Participation Deadline in response to its previously announced offer to exchange any and all of its outstanding Existing Notes for its 9.75% Senior Notes due 2022 (the "New Notes") plus cash (the "Exchange Offer") and accepted and purchased U.S.
of the Existing Notes that were tendered by the Early Participation Deadline in response to its previously announced offer to purchase any and all of its outstanding Existing Notes for cash (the "Offer to Purchase" and together with the Exchange Offer, the "Offers").
The total aggregate principal amount of the Existing Notes accepted, exchanged and purchased by Edenor on
October 25, 2010
, is U.S.
, representing approximately 82.5% of the outstanding Existing Notes, excluding the U.S.
aggregate principal amount of Existing Notes that the Company held as of the launch of the Offers and cancelled on
October 18, 2010
Edenor issued U.S.
aggregate principal amount of New Notes and paid U.S.
, including payment for accrued and unpaid interest, in exchange for the U.S.
aggregate principal amount of Existing Notes tendered in the Exchange Offer and paid U.S.
, including payment for accrued and unpaid interest, for the purchase of the U.S.
aggregate principal amount of Existing Notes tendered in the Offer to Purchase.
The Offers expire at
New York City
November 1, 2010
The Offers are being made only to holders who have properly completed, executed and delivered to the information agent an eligibility letter, whereby such holder has represented to the Company that it is, or in the event that it is acting on behalf of a beneficial owner of Existing Notes, it has received a written certification from such beneficial owner to the effect that such beneficial owner is (i) a "qualified institutional buyer," or "QIB," as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") or (ii) a "non-U.S. Person" (as defined in Regulation S under the Securities Act).