Empresa Distribuidora y Comercializadora Norte S.A. (Edenor S.A.), Argentina’s largest electricity distribution company, issued Additional Class 7 Notes, denominated and payable in U.S. dollars, bearing interest at a 9.75% annual nominal rate and maturing on October 24, 2030 (the “Additional Notes”), under its global note issuance program for up to US$750 million (or the equivalent in other currencies) approved by the Argentine National Securities Commission.
The issuance of the Additional Notes was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act and was structured under a second amendment to the indenture dated October 24, 2024, as amended and supplemented, in connection with a fungible reopening of the initial Class 7 Notes, issued on October 24 and 25, 2024.
The Additional Notes were issued in an aggregate principal amount of US$201,210,714, bringing the total outstanding principal amount of the Class 7 Notes to US$385,000,000.
The Additional Notes are listed on the Official List of the Luxembourg Stock Exchange, Bolsas y Mercados Argentinos S.A., and A3 Mercados S.A.
BofA Securities, Inc.; Banco BTG Pactual S.A. – Cayman Branch; and UBS Securities LLC acted as Global Coordinators and Joint International Bookrunners, and Latin Securities S.A. acted as Joint International Bookrunner, in connection with the issuance of the Additional Notes (together, the “International Bookrunners”). Global Valores S.A., Balanz Capital Valores S.A.U., Banco Mariva S.A., and Latin Securities S.A. acted as local placement agents (together, the “Local Placement Agents”). The Bank of New York Mellon acted as Trustee, Co-Registrar, Principal Paying Agent, and Transfer Agent under the indenture (as supplemented from time to time) entered into with Edenor and Banco de Valores S.A., the latter serving as the Trustee’s Representative in Argentina, Registrar, Transfer Agent, and Paying Agent in Argentina.
Edenor’s U.S. counsel
DLA Piper Argentina, through its New York Desk, served as U.S. legal counsel to Edenor, with a team led by managing partner Marcelo Etchebarne, Joshua A. Kaufman, partner at DLA Piper US, partner Joaquín Eppens Echagüe, and associate Daiana Suk. The team was also supported by Of Counsel Nicolas Teijeiro.
Edenor’s Argentine counsel
DLA Piper Argentina served as Argentine legal counsel to Edenor, with a team comprising partner Alejandro Noblía and associate Federico Vieyra.
Edenor in-house legal team
The Legal and Regulatory Affairs Director, María José Pérez Van Morlegan, the Head of Legal Counsel, Federico Ponelli, Senior Counsel, Sabrina Belén Hernández, and counsel, Marcos Mogni, provided in-house legal advice to Edenor, as issuer.
U.S. counsel to the International Bookrunners and Local Placement Agents
Clifford Chance US LLP served as U.S. legal counsel to the International Bookrunners and the Local Placement Agents, with a team led by partner Hugo F. Triaca and comprising associates David Rondon, Cristian Ragucci, and Juan Andrés Bosch.
Argentine counsel to the International Bookrunners and Local Placement Agents
Bruchou & Funes de Rioja acted as Argentine legal counsel to the International Bookrunners and the Local Placement Agents, with a team led by partner Alejandro Perelsztein and associates Juan María Rosatto, Facundo Suárez Loñ, and Teo Panich.
Counsel to the Trustee, Co-Registrar, Principal Paying Agent, and Transfer Agent
Reed Smith LLP served as legal counsel to the Trustee, Co-Registrar, Principal Paying Agent, and Transfer Agent, with a team led by partner Adam Solowsky.


