Clifford Chance advises on EDENOR's new notes issuance and concurrent tender offer

Global law firm Clifford Chance has advised BofA Securities, Inc., Banco BTG Pactual S.A. – Cayman Branch, UBS Securities LLC and Latin Securities S.A., Agente de Valores, (i) as initial purchasers in connection with Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR)'s offering of US$550 million 9.50% senior notes due 2033, and (ii) as dealer managers in connection with a concurrent tender offer pursuant to which EDENOR repurchased US$175 million aggregate principal amount of its 9.75% senior notes due 2030.

The cross-border team was led by partner Hugo Triaca in New York and included associate Cristian Ragucci in São Paulo, and foreign lawyer Juan Andres Bosch in Madrid. Partner Avrohom Gelber provided tax advice.

Clifford Chance advises on many transactions in the Latin America market, including on EDENOR's senior notes reopenings in 2025 and 2026 and EDEMSA's inaugural notes issuance in 2025.