The Company announces that it has decided to extend the maturity date of its offer to redeem the IRCP 8.75% Notes.
The Company announces that it has decided to extend the maturity date of its previously announced offer to exchange all of its USD 360,000,000 Class II Notes due 2023 originally issued by IRSA Propiedades Comerciales S.A. for the 8.75% Notes due 2028 to be issued by IRSA and the cash consideration. IRSA hereby extends such maturity date from June 28, 2022 to July 6, 2022.
Additionally, it is reported that as of June 28, 2022, USD 222,256,500 of the Existing Negotiable Obligations were tendered, representing 61.74% of the USD 360,000,000 (58.31% under Option A and 41.69% under Option B). If no additional Existing Notes are not exchanged after June 28, 2022, Eligible Holders who have validly tendered their Existing Notes under Option A would receive USD 514.47 Pro Rata Cash Consideration A for each USD 1,000 principal amount of Existing Notes tendered under Option A.
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