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Edenor (EDN) exchanges debt into 9.5% 2033 notes, cancels older series

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) reports a partial restructuring of its debt. On April 22, 2026, the company issued simple Senior Notes Class 10, Series II, denominated and payable in U.S. dollars, with a fixed annual interest rate of 9.5% and maturity on April 28, 2033, for a nominal value of US$ 26,661,757, paid in kind by delivering existing Class 3 and Class 5 notes under an exchange ratio set in the Prospectus Supplement.

Following this exchange, Edenor will request cancellation of US$ 13,438,158 nominal value of Class 3 Senior Notes, leaving US$ 82,324,530 outstanding, and US$ 11,822,787 nominal value of Class 5 Senior Notes, leaving US$ 70,097,400 outstanding. This adjusts the mix and maturity profile of the company’s outstanding notes without changing them into equity.

Positive

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Insights

Edenor exchanges part of shorter notes into a longer 9.5% issue.

Edenor has issued Senior Notes Class 10, Series II for a nominal US$ 26,661,757, with a fixed annual rate of 9.5% and maturity on April 28, 2033. These notes were paid in kind by exchanging existing Class 3 and Class 5 notes.

As a result, the company will cancel US$ 13,438,158 of Class 3 notes, leaving US$ 82,324,530 outstanding, and cancel US$ 11,822,787 of Class 5 notes, leaving US$ 70,097,400 outstanding. This shifts part of the debt into a longer-dated, 9.5% instrument, affecting interest cost and maturity profile, while overall impact depends on the full capital structure not shown in this excerpt.

New Class 10, Series II notes US$ 26,661,757 nominal value Issued April 22, 2026, paid in kind
Class 10 coupon rate 9.5% fixed annual rate Senior Notes Class 10, Series II
Class 10 maturity April 28, 2033 Maturity date of new Senior Notes
Class 3 notes cancelled US$ 13,438,158 nominal value Partial cancellation of Class 3 Senior Notes
Class 3 notes outstanding US$ 82,324,530 nominal value Remaining after partial cancellation
Class 5 notes cancelled US$ 11,822,787 nominal value Partial cancellation of Class 5 Senior Notes
Class 5 notes outstanding US$ 70,097,400 nominal value Remaining after partial cancellation
Senior Notes financial
"the Company issued simple Senior Notes (non-convertible into shares) Class 10, Series II"
Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
Prospectus Supplement regulatory
"at the Exchange ratio set forth in the Prospectus Supplement"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
nominal value financial
"for a nominal value of US$ 26,661,757, paid-in kind"
Nominal value is the stated or face amount assigned to a financial instrument — for shares it’s the par value printed on the stock certificate, and for money or returns it can mean the number not adjusted for inflation. Think of it like a price tag on an item versus its buying power: the tag tells you the label, but not how much you can actually buy. Investors care because nominal values affect accounting, legal capital, dividend calculations and comparisons over time when inflation may distort real worth.
Material Fact regulatory
"Re: Material Fact Parcial Cancellation of Class 3 and 5 Senior Notes"
non-convertible into shares financial
"simple Senior Notes (non-convertible into shares) Class 10, Series II"

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FAQ

What did Edenor (EDN) announce regarding its Class 10, Series II Senior Notes?
Edenor issued Class 10, Series II Senior Notes for a nominal US$ 26,661,757, denominated and payable in U.S. dollars. The notes carry a fixed 9.5% annual interest rate and mature on April 28, 2033, and were paid in kind using existing Class 3 and Class 5 notes.

How are Edenor’s Class 10, Series II Senior Notes structured?
The Class 10, Series II Senior Notes are simple, non-convertible senior notes denominated and payable in U.S. dollars. They bear a fixed annual interest rate of 9.5% and mature on April 28, 2033. The notes were issued as part of an exchange for existing Class 3 and Class 5 notes.

What portion of Edenor’s Class 3 Senior Notes will be cancelled?
Edenor will request cancellation of Class 3 Senior Notes with a nominal value of US$ 13,438,158. After this partial cancellation tied to the exchange, the nominal value of Class 3 Senior Notes remaining outstanding will be US$ 82,324,530, according to the company’s disclosure.

What portion of Edenor’s Class 5 Senior Notes will be cancelled?
For Class 5 Senior Notes, Edenor will cancel a nominal value of US$ 11,822,787. Following this step, the nominal value of Class 5 Senior Notes remaining outstanding will be US$ 70,097,400. These changes result from the exchange into the new Class 10, Series II notes.

Does Edenor’s transaction involve converting debt into equity?
No. Edenor specified that the newly issued Class 10, Series II Senior Notes are simple notes that are not convertible into shares. The transaction is an exchange among senior notes, adjusting maturities and terms within the company’s debt structure without issuing equity.

Why is Edenor’s partial cancellation of Class 3 and 5 Senior Notes important for investors?
The partial cancellation of Class 3 and 5 notes shows Edenor actively managing its debt profile. By issuing longer-dated Class 10, Series II notes at 9.5% and cancelling portions of existing series, the company reshapes its maturity schedule and interest obligations, which influences future cash flows.


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of June, 2026

EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A. (EDENOR)

(DISTRIBUTION AND MARKETING COMPANY OF THE NORTH )

(Translation of Registrant's Name Into English)

Argentina

(Jurisdiction of incorporation or organization) 

Av. del Libertador 6363,

12th Floor,

City of Buenos Aires (A1428ARG),

Tel: 54-11-4346-5000

(Address of principal executive offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F  X     Form 40-F         

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.) 

Yes          No  X  

(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-             .) 

 
 

 

Buenos Aires, June 24, 2026

 

Messrs.

COMISIÓN NACIONAL DE VALORES

25 de Mayo 175

City of Buenos Aires

 

Messrs.

BOLSAS Y MERCADOS ARGENTINOS S.A.

Sarmiento 299

City of Buenos Aires

 

Re: Material Fact Parcial Cancellation of Class 3 and 5 Senior Notes

 

Dear Sirs:

 

I hereby address you on behalf of Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR S.A) ( hereinafter “Edenor” and/ or the “Company) in compliance with the applicable regulations, to inform you that on April 22, 2026, and pursuant the published results announcement, the Company issued simple Senior Notes (non-convertible into shares) Class 10, Series II denominated and payable in US Dollar at a fixed annual rate of 9,5%, maturating on April 28, 2033, for a nominal value of US$ 26,661,757, paid-in kind through the delivery of Class 3 and Class 5 Notes at the Exchange ratio set forth in the Prospectus Supplement.

Consequently, the company will proceed to request the cancellation of the relevant Senior Notes as detailed below:

(i) Senior Notes Class 3:

Nominal value to be cancelled: US$ 13,438,158.

Nominal value remaining outstanding: US$ 82,324,530.

(ii) Senior Notes Class 5:

Nominal value to be cancelled: US$ 11,822,787.

Nominal value remaining outstanding: US$ 70,097,400.

 

Yours faithfully.

Lucila Ayelen Ramallo

Market Relations Officer.

 

 

 

 

 

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDENOR S.A.)

Avda. del Libertador 6363 – Buenos Aires, C1428ARG – Argentina. Tel.: 4346-5400 Fax: 4346-5327

 
 

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.

 

 

Empresa Distribuidora y Comercializadora Norte S.A.

 

 

 

 

 

 

 

By:

 /s/ Germán Ranftl

 

Germán Ranftl

 

Chief Financial Officer

 

 

Date: June 24, 2026

Source: View Original Filing on SEC EDGAR