Telecom Argentina Launches Bond Exchange Offer

TL;DR

Telecom Argentina is swapping its 8% 2026 bonds, check the terms!

AI Summary

Telecom Argentina S.A. announced on July 11, 2024, the commencement of an exchange offer for its 8.000% Notes due July 18, 2026. This offer allows holders to exchange their existing notes for new notes, subject to certain terms and conditions.

Why It Matters

This exchange offer is a significant event for bondholders as it provides an opportunity to swap existing debt for new securities, potentially altering the company's debt profile and maturity dates.

Risk Assessment

Risk Level: medium — Exchange offers can indicate potential refinancing needs or a desire to manage debt maturity, which could signal underlying financial considerations for the company.

Key Numbers

• 8.000% — Interest Rate (Coupon rate of the notes being exchanged)
• July 18, 2026 — Maturity Date (Original maturity date of the notes)

Key Players & Entities

• Telecom Argentina S.A. (company) — Registrant and issuer of notes
• 8.000% Notes due July 18, 2026 (dollar_amount) — Notes subject to the exchange offer

FAQ

Key Financial Figures

• $200,000,000 — tina S.A. Offer to Exchange up to U.S.$200,000,000 Aggregate Principal Amount of the Outst
• $500,000,000 — ational capital markets offering of U.S.$500,000,000 9.500% senior amortizing notes due 2031
• $400,000,000 — tion S: P9028N AV3 USP9028NAV30 U.S.$400,000,000 U.S.$970 U.S.$1000 (1) The Old Note
• $970 — V3 USP9028NAV30 U.S.$400,000,000 U.S.$970 U.S.$1000 (1) The Old Notes are curr
• $1000 — 8NAV30 U.S.$400,000,000 U.S.$970 U.S.$1000 (1) The Old Notes are currently liste
• $1,000 — o Electrónico S.A. (2) Per U.S.$1,000 principal amount of the Company’s
• $100 million — ash Tender Offer ”) for up to U.S.$100 million aggregate principal amount of our 8.500

Filing Documents

• tm2419361d1_6k.htm (6-K) — 54KB
• 0001104659-24-079453.txt ( ) — 55KB

Forward-Looking Statements

Forward-Looking Statements All statements in this announcement, other than statements of historical fact, are forward-looking statements. These statements are based on expectations and assumptions on the date of this announcement and are subject to numerous risks and uncertainties which could cause actual results to differ materially from those described in the

forward-looking statements

forward-looking statements. Risks and uncertainties include, but are not limited to, market conditions, and factors over which the Company has no control. The Company assumes no obligation to update these forward-looking statements, and does not intend to do so, unless otherwise required by law. Important Notice This announcement is not an offer of securities for sale in the United States, and none of the New Notes has been or will be registered under the Securities Act or any state securities law. They may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act. This announcement does not constitute an offer of the New Notes for sale, or the solicitation of an offer to buy any securities, in any state or other jurisdiction in which any offer, solicitation or sale would be unlawful. Any person considering making an investment decision relating to any securities must inform itself independently based solely on an offering memorandum to be provided to eligible investors in the future in connection with any such securities before taking any such investment decision. This announcement is directed only to holders of Old Notes who are (i) QIBs, (ii) if outside the United States, holders of Old Notes other than U.S. persons and who are not acquiring New Notes for the account or benefit of a U.S. Person, in offshore transactions in compliance with Regulation S under the Securities Act, and who are Non-U.S. qualified offerees other than Argentine Entity Offerees and Non-Cooperative Jurisdiction Offerees, (iii) Argentine Entity Offerees or (iv) Non-Cooperative Jurisdiction Offerees who are authorized to participate in the Exchange Offer. The distribution of materials relating to the Exchange Offer may be restricted by law in certain jurisdictions. The Exchange Offer is void in all jurisdictions where it

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Telecom Argentina S.A. Date: July 12, 2024 By: /s/ Luis Fernando Rial Ubago Name: Luis Fernando Rial Ubago Title: Responsible for Market Relations

View Full Filing

View this 6-K filing on SEC EDGAR