We advised the international and local placement agents on Edemsa’s US$300,000,000 international Notes issuance and on the tender offer for its outstanding Notes

New Deal - July 07, 2026

On June 11, 2026, Empresa Distribuidora de Electricidad de Mendoza S.A. (Edemsa) issued an aggregate principal amount of US$300,000,000 of its Class 8 Notes, denominated and payable in U.S. dollars, bearing interest at a rate of 9.750% per annum and maturing on June 11, 2033 (the “Class 8 Notes”), under its global notes issuance program for up to US$400,000,000 (or its equivalent in other currencies), as approved by the Argentine Securities Commission (Comisión Nacional de Valores).

Concurrently with the issuance, Edemsa launched and completed a tender offer for its outstanding Class 6 Notes as part of a comprehensive liability management strategy aimed at managing its debt maturities and strengthening its capital structure. The tender offer was accepted with respect to an aggregate principal amount of US$126,155,000 of the outstanding Class 6 Notes, representing 84.10% of the aggregate principal amount outstanding of such series.

The Class 8 Notes were issued pursuant to Rule 144A and Regulation S under the US Securities Act and were structured through an indenture dated June 11th, 2026.

The Notes are listed on the Official List of the Luxembourg Stock Exchange, Bolsas y Mercados Argentinos S.A. and A3 Mercados S.A.

BofA Securities, Inc.; Banco BTG Pactual S.A. – Cayman Branch; and UBS Securities LLC acted as Global Coordinators and Joint International Placement Agents, in connection with the issuance of the Class 8 Notes (together, the “International Placement Agents“). Balanz Capital Valores S.A.U., Banco Mariva S.A. and Global Valores S.A. acted as local placement agents (together, the “Local Placement Agents“). The Bank of New York Mellon acted as Trustee, Co-Registrar, Principal Paying Agent and Transfer Agent under the indenture (as supplemented from time to time) entered into with Edemsa and with Banco de Valores S.A., the latter in its capacity as Trustee’s Representative in Argentina, Registrar, Transfer Agent and Paying Agent in Argentina.

Legal advisers to Edemsa under US and Argentine law

DLA Piper advised Edemsa, in its capacity as issuer, under New York and Argentine law, through partners Joshua Kaufman (New York) and Marcelo Etchebarne, of counsel Nicolás Teijeiro, and associate Daiana Suk (New York law); and partner Alejandro Noblía, associates Federico Vieyra and Ignacio Comparato and paralegal Maia Klein (Argentine law).

Edemsa in-house legal counsel

EDEMSA’s internal legal team was comprised of Andrés Aruani (Legal Affairs Manager), Carina Cocuelle (Regulatory Affairs Sub-Manager) and María Carolina Reta (Attorney).

Legal advisers to the International Placement Agents and the Local Placement Agents under US law

Clifford Chance US LLP advised the International Placement Agents and the Local Placement Agents under US law, with a team led by partner Hugo F. Triaca and including associates Cristian Ragucci and Juan Andrés Bosch.

Legal advisers to the International Placement Agents and the Local Placement Agents under Argentine law

Bruchou & Funes de Rioja advised the International Placement Agents and the Local Placement Agents under Argentine law, with a team led by partner Alejandro Perelsztein and associates Ramón Augusto Poliche, Juan María Rosatto, Gonzalo Javier Vilariño and Mariana Carbajo.

Legal advisers to the Trustee, Co-Registrar, Principal Paying Agent and Transfer Agent

Reed Smith LLP advised the Trustee, Co-Registrar, Principal Paying Agent and Transfer Agent, with a team led by partner Adam Solowsky.

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