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News

06 NOV

Exchange Offer Series I Notes Extension - Resolution A 7106 Argentine Central Bank

The Company released a material fact to inform the extension and the results, as of today, for the Exchange Offer of Series I Notes.

The Company informs that it has resolved to extend the period to participate in the Exchange Offer and the Expiration Date to November 10, 2020 at 8:00 p.m. (Buenos Aires City time) and has defined that the Issue and Settlement Date will be November 12, 2020. This extension does not imply a modification to the economic terms of the Exchange Offer.

 

Additionally, it is reported that, to date, Eligible Holders have been presented for a total amount equivalent to USD 101,172,847 for Class VIII and USD 74,094,036 for Class IX, totaling USD 175,266,883 between both classes, representing approximately 96.56% of the face value of the Existing Negotiable Obligations in circulation.

 

Likewise, it is announced that, considering that to date Eligible Holders have been presented for a total amount equivalent to USD 74,094,036 to subscribe the Class IX Negotiable Obligations, the Capital Repayment established for the Class VIII Negotiable Obligations would be increased from USD 0.40 at least USD 0.67.

 

Finally, it is reported that, considering that Consent has been obtained for an amount greater than 90% of the capital of the Existing Negotiable Obligations, the Company may carry out the Essential Proposed Modifications, by means of which the terms and conditions of the Existing Negotiable Obligations they will be modified and replaced.

 

For more information, refer to the Prospectus dated October 22, 2020, the Prospectus and Exchange Supplement, the Subscription Notice and complementary documents.