Telecom Argentina S.A. is extending the expiration time to 11:59 p.m., New York City time, on August 9, 2019 (the “Expiration Time”) from the previously announced expiration time of 11:59 p.m., New York City Time, on August 6, 2019, the company said.
As of July 23, 2019 (the “Early Tender Deadline”), approximately USUSD 30,376,000 in aggregate principal amount of Notes have been tendered in the Offer. The approximate aggregate principal amount of Notes tendered to date amounts to USUSD 30,376,000.
The total consideration for each USUSD 1,000 principal amount of the outstanding 6.500% Notes due June 15, 2021 (CUSIP Nos. 12686N AT2 and P19157 AR0; ISIN Nos. US12686NAT28 and USP19157AR03; Common Codes Nos. 143337260 and 143337278) (the “Notes”) validly tendered pursuant to the previously announced offer to purchase for cash up to USUSD 250,000,000 (the “Offer”) after the Early Tender Deadline but at or before the Expiration Time has been increased from USUSD 967.50 per USUSD 1,000 principal amount of Notes, to USUSD 997.50 per US USD 1,000 principal amount of Notes that Telecom accepts for purchase (the “Tender Offer Consideration”). This amendment effectively extends the Early Tender Offer Consideration to all validly tendered Notes that are not validly withdrawn and are accepted by Telecom, regardless of whether the Notes are tendered before or after the Early Tender Deadline.
The other terms of the Offer remain unchanged.