Telecom Argentina (TEO) has released an update.
Telecom Argentina S.A. has launched an exchange offer for up to $200 million of its 8.000% notes due in 2026, offering new 9.500% senior amortizing notes due in 2031 as part of its capital markets strategy. The exchange aims to manage its debt by enticing holders with principal and accrued interest incentives before the early participation deadline on July 24, 2024. The offer, targeting qualified institutional and international investors, will expire on August 8, 2024.
For further insights into TEO stock, check out TipRanks’ Stock Analysis page.
