IRSA (NYSE: IRS) raises USD 50M in Series XXV notes to refinance debt

Rhea-AI Filing Summary

IRSA Inversiones y Representaciones Sociedad Anónima is issuing USD 50 million of Series XXV Notes in the Argentine local market. Investor demand reached a nominal USD 64,496,456, so bids were scaled back using a 60.0614% pro rata allocation factor. The notes carry a 3.75% annual interest rate, priced at 100% of face value, with semiannual interest payments. They will be issued and settled on June 8, 2026 and mature on June 8, 2027, with 100% of principal repaid at maturity. The company plans to use the proceeds mainly to refinance existing liabilities and support working capital in Argentina.

Insights

Credit and capital markets analyst

IRSA places USD 50M one-year notes at 3.75% to roll debt.

IRSA is issuing USD 50 million of Series XXV Notes at a 3.75% coupon, maturing on June 8, 2027. The issue priced at par, with semiannual interest and bullet repayment at maturity, indicating a straightforward short-term funding structure.

Investor demand exceeded the final size, with bids totaling USD 64,496,456 and a pro rata allocation factor of 60.0614%. This suggests adequate market appetite for the company’s credit at this rate and tenor.

Proceeds are earmarked primarily to refinance existing liabilities and for working capital in Argentina. This points to liability management and liquidity support rather than new expansion. Subsequent filings may provide more detail on which obligations are refinanced and any impact on average funding cost.

Key Figures

Notes issued: USD 50,000,000 Investor bids received: USD 64,496,456 Pro rata allocation factor: 60.0614% +4 more

7 metrics

Notes issued USD 50,000,000 Series XXV Notes nominal amount

Investor bids received USD 64,496,456 Nominal value of bids for Series XXV Notes

Pro rata allocation factor 60.0614% Applied to scale back investor orders

Interest rate 3.75% Annual coupon on Series XXV Notes

Issue price 100.00% Issued at par value

Issue and settlement date June 8, 2026 Start date of Series XXV Notes

Maturity date June 8, 2027 Principal repaid 100% at maturity

Key Terms

Series XXV Notes, Pro Rata Allocation Factor, Issue Price, Amortization, +1 more

5 terms

Series XXV Notes financial

"announces the issuance of its Series XXV Notes in the local market for USD 50 million"

Pro Rata Allocation Factor financial

"Pro Rata Allocation Factor 60.0614%"

Issue Price financial

"Issue Price 100.00%"

The issue price is the amount of money investors pay to buy a new security, such as a stock or bond, when it is first offered to the public. It matters to investors because it determines their initial cost and potential future gains or losses, similar to paying a set price for a new product before it hits stores. The issue price helps establish the value of the security at the start of its trading life.

Amortization financial

"Amortization: 100% at maturity"

Amortization is the process of spreading a large cost over a series of future periods, either by gradually writing off the value of an intangible asset (like a patent or license) or by showing how loan principal is paid down over time. For investors it matters because amortization affects reported profits and cash flow — similar to slicing a big bill into smaller monthly payments — and therefore influences valuations, comparisons between companies, and expectations for future earnings.

working capital financial

"Proceeds will be used primarily to refinance existing liabilities and working capital in Argentina"

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

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Form 6-K: How Foreign Companies Report to the SEC →

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 6-K

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15b-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of June, 2026

IRSA Inversiones y Representaciones Sociedad Anónima

(Exact name of Registrant as specified in its charter)

IRSA Investments and Representations Inc.

(Translation of registrant´s name into English)

Republic of Argentina

(Jurisdiction of incorporation or organization)

Carlos M. Della Paolera 261 9th Floor

(C1001ADA)

Buenos Aires, Argentina

(Address of principal executive offices)

Form 20-F ⌧                                  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 ⌧

IRSA INVERSIONES Y REPRESENTACIONES SOCIEDAD ANÓNIMA

(THE “COMPANY”)

REPORT ON FORM 6-K

Attached is the English translation of the summary of the letter dated June 5, 2026, filed by the Company with the Bolsa de Comercio de Buenos Aires  and the Comisión Nacional de Valores.

BUENOS AIRES, ARGENTINA –  June 5, 2026 – IRSA Inversiones y Representaciones Sociedad Anónima (the “Company”) (NYSE: IRS), announces the issuance of its Series XXV Notes in the local market for USD 50 million, according to the following information:

Nominal value of bids recieved: USD 64,496,456

Amount to be Issued: USD 50,000,000 

Pro Rata Allocation Factor: 60.0614%

Interest Rate: 3.75%

Issue Price: 100.00%

Issue and Settlement Date: June 8, 2026

Maturity Date: June 8, 2027

Interest Payments: Semiannually

Amortization: 100% at maturity

Proceeds will be used primarily to refinance existing liabilities and working capital in Argentina.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Buenos Aires, Argentina.

	IRSA Inversiones y Representaciones Sociedad Anónima
	By:	/S/ Saúl Zang
		Name: Saúl Zang
		Title: Responsible of relationship with the markets

June 6, 2026


 
 
 
 

FAQ

What did IRSA (IRS) announce in this Form 6-K?

IRSA announced the issuance of its Series XXV Notes for USD 50 million in the local Argentine market. The notes will help refinance existing liabilities and support working capital needs within Argentina, providing short-term funding with a one-year maturity profile.

What are the key terms of IRSA (IRS) Series XXV Notes?

The Series XXV Notes have a nominal amount of USD 50 million, a 3.75% annual interest rate, are issued at 100% of face value, pay interest semiannually, and mature on June 8, 2027 with full principal amortization at maturity.

When do IRSA (IRS) Series XXV Notes start and when do they mature?

The Series XXV Notes have an issue and settlement date of June 8, 2026 and a maturity date of June 8, 2027. Investors receive semiannual interest payments during this period, with 100% of principal repaid at maturity in a single bullet payment.

How strong was investor demand for IRSA (IRS) Series XXV Notes?

Investor demand exceeded the final issue size, with nominal bids of USD 64,496,456 versus USD 50 million actually issued. A 60.0614% pro rata allocation factor was applied, meaning orders were scaled back so the total allocation matched the planned amount.

How will IRSA (IRS) use the proceeds from the Series XXV Notes?

IRSA plans to use proceeds primarily to refinance existing liabilities and to fund working capital in Argentina. This suggests the transaction is focused on strengthening the company’s short-term liquidity position rather than financing new investment or expansion projects.

What interest payments will investors receive on IRSA (IRS) Series XXV Notes?

Investors will receive a 3.75% annual interest rate, paid semiannually over the life of the Series XXV Notes. With the notes issued at 100% of face value, this coupon directly reflects the yield investors earn before considering any secondary market price changes.