The Company announces that it has decided to extend the expiration date of its exchange offer of IRCP 8.75% Notes
The Company announces that it has extended the expiration date of its previously announced offer to exchange all of its USD 360,000,000 aggregate principal amount of outstanding 8.75% Series No. 2 Notes due 2023 originally issued by IRSA Propiedades Comerciales S.A. for 8.75% Senior Notes due 2028 to be issued by IRSA and the cash consideration. IRSA hereby extends the expiration date from June 28, 2022, to July 6, 2022, and expects this to be the final extension of the expiration date.
As of June 28, 2022, USD 222,256,000 of the Existing Notes were validly tendered, which represents 61.74% of the USD 360,000,000 (58.31% under Option A and 41.69% under Option B). If no additional Existing Notes were to be tendered after June 28, 2022, Eligible Holders who have validly tendered their Existing Notes under Option A would receive USD 514.47 of Pro-Rata A Cash Consideration per USD 1,000 principal amount of Existing Notes tendered under Option A.
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