DLA Piper Argentina advised Empresa Distribuidora de Electricidad de Mendoza S.A. (hereinafter, “Edemsa” or the “Issuer”) on the successful issuance and placement of its Additional Class 3 Notes, denominated, subscribed and payable in U.S. dollars in Argentina, bearing a fixed interest rate of 8.00% per annum, maturing on November 29, 2027, for an aggregate principal amount of US$ 5,158,040. Such notes were issued as additional notes to the Issuer’s previously issued Class 3 Notes, resulting in an aggregate principal amount outstanding of US$ 33,578,943 under such class. In addition, DLA Piper Argentina advised on the issuance of the Issuer’s Class 7 Notes, denominated, subscribed, integrated and payable in Pesos, bearing a variable interest rate equal to the TAMAR Rate plus a margin of 6.50% per annum, maturing on December 18, 2026, for an aggregate principal amount of Argentine Ps. 22,400,096,000 (collectively, the “Notes”).
TCA Tanoira Cassagne advised Global Valores S.A. and Balanz Capital Valores S.A.U., as arrangers and placement agents, and Banco Supervielle S.A., Provincia Bursátil S.A., Banco de la Provincia de Buenos Aires, Invertironline S.A.U., Adcap Securities Argentina S.A., One618 Financial Services S.A.U. and PP Inversiones S.A., as placement agents (collectively, the “Placement Agents”).
The Notes were issued under the Issuer’s Global Program for the Issuance of Non-Convertible Notes for a maximum outstanding amount of up to US$ 400,000,000 (or its equivalent in other currencies and/or units of value or measure).
The issuance of the Additional Class 3 Notes was carried out as a reopening of the original Class 3 issuance, increasing the total amount available in the market under such class and strengthening Edemsa’s presence in the local capital markets.
The Additional Class 3 Notes were issued on December 18, 2025, and will pay interest on a semiannual basis, with the first interest payment date on May 29, 2026.
The Class 7 Notes were issued on December 18, 2025, and will pay interest on a quarterly basis, with the first interest payment date on March 18, 2026.
Edemsa will allocate the net proceeds from the issuance of the Notes to infrastructure projects, including, without limitation, the development and implementation of its investment plan, working capital and general corporate purposes.
Legal counsel to Edemsa
DLA Piper Argentina advised Edemsa, as issuer, with a team led by Marcelo Etchebarne and composed by partner Alejandro Noblia, and associates Federico Vieyra and Mariana Carbajo.
Internal Legal counsel to Edemsa
Andrés Aruani provided Edemsa internal legal advice, as issuer.
Legal counsel to the Placement Agents:
TCA Tanoira Cassagne advised the Placement Agents through its partners Alexia Rosenthal and Jaime Uranga and its associates Teófilo Trusso and Stefanía Lo Valvo.
Financial Advisors
Quantum Finanzas S.A.:Juan Bruno and Juan Martin Ormachea.
Apeiron Capital Markets S.A.:Tomás Rozemberg
