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Clifford Chance advises on new notes issuance and related exchange offer by Argentine company EDENOR

October 31, 2024

Clifford Chance advises on new notes issuance and related exchange offer by Argentine company EDENOR

Global law firm Clifford Chance has advised Banco BTG Pactual S.A. – Cayman Branch, BCP Securities, Inc., BofA Securities, Inc., Credit Agricole Securities (USA) Inc. and UBS Securities LLC, (i) as initial purchasers in connection with Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR)'s offering and issuance of its new 9.75% senior notes due 2030 (the New Notes), and (ii) as dealer managers, in connection with an offer to exchange any and all of EDENOR's 9.75% senior notes due 2025 for additional New Notes.

EDENOR is a public electricity distribution company located in Buenos Aires, Argentina.

The Clifford Chance team advising on the deal was led by New York-based partner Hugo Triaca and included associates David Rondon and Fernando Liu and foreign law clerk Cristian Ragucci. Partner Avrohom Gelber and law clerk DyTiesha Dunson advised on tax matters.

Clifford Chance advises on many transactions in the Latin American market, including most recently on Termocandelaria Power's return to the international capital markets and on the first international notes issuance by Colombia's Banco de Occidente.