IMPSAcompleted the exchange of existing Bonds and delivery to their holders of the new Class VII Negotiable Obligations issued within the framework of the Global Program for the Issuance of Negotiable Obligations of the company, as established in the APE and as reported in the corresponding Exchange and Results Notices published on the Financial Information Highway of the National Securities Commission
In turn, the company signed new loan contracts with Export Development Canada, the Inter-American Development Bank (IDB) and the Inter-American Investment Corporation, which replace the loans with said entities reached by the APE, in the as provided for therein, and progress is being made with the remaining creditors under bilateral loans (Banco Hipotecario SA and the Corporacin Andina de Fomento) in the steps necessary to proceed with their signature in the coming days.
Finally, the company has prepared and sent to the Trustee of the International Bonds included in the APE the documentation related to the exchange process of the same for the new International Bonds provided for in the APE, estimating that the effective launch of the aforementioned exchange process will be carried out in the next few weeks.
“In this way, the company has started the process for the final implementation and fulfillment of its obligations under the APE and, in this way, continues to advance in the fulfillment of each and every one of the stages foreseen in the Plan for the Recomposition of its Capital Structure, as the market was duly informed and as described in the APE, with Stages 1 and 2 having been completed as planned. Timely, the next and last stage will be implemented, consisting of the authorization request to the National Securities Commission for the public offering of its shares and the listing and quotation of the same in Argentina “highlighted Fabin D’Aiello, manager of Relations with the Markets of IMPSA.
Just seven months after its capitalization, IMPSA is advancing in the realization of the path initiated by the company to recover its productive and technological potential and to successfully compete again in projects worldwide, in order to return to the position it occupied for decades at the vanguard of world technological development in the field of hydroelectric, nuclear and other renewable energies, ensuring the growth of an Argentine company that, for decades, has been the pride of the country.
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