This is a routine debt exchange that extends maturities without raising new capital. No immediate trading catalyst. Monitor upcoming quarterly results for any operational or regulatory developments in Argentina's utility sector.
Price Chart
Executive Summary
EDENOR filed a 6-K reporting the partial cancellation of Class 3 and Class 5 Senior Notes, following the issuance of new Class 10 Series II Senior Notes in a paid-in-kind exchange. The cancellation reduces outstanding nominal values by $13.4M (Class 3) and $11.8M (Class 5), leaving $82.3M and $70.1M outstanding respectively. This is a routine debt refinancing/restructuring event with no material impact on equity holders.
Key Facts
- On April 22, 2026, EDENOR issued $26.7M of Class 10 Series II Senior Notes at 9.5% fixed rate, maturing April 28, 2033, paid-in-kind via exchange of Class 3 and Class 5 Notes.
- Class 3 Notes: $13.4M cancelled, $82.3M remains outstanding.
- Class 5 Notes: $11.8M cancelled, $70.1M remains outstanding.
- The exchange ratio was set forth in the Prospectus Supplement; no cash changed hands.
Financial Impact
Debt restructuring of $25.3M nominal value exchanged for new notes with longer maturity (2033 vs original) at 9.5% fixed rate. No net new debt raised; no cash proceeds.
Risk Factors
- Argentine macroeconomic and regulatory risks remain the primary drivers for EDN.
- No material change to credit profile or equity value from this filing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-003584 |
| Document: 0001292814-26-003584-index-headers.html | 0001292814-26-003584 |
| Document: 0001292814-26-003584-index.html | 0001292814-26-003584 |
| Document: 0001292814-26-003584.txt | 0001292814-26-003584 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | 6-K | $20.22 | awaiting T+20 | — | $17.34 (−14.24%) |
Aug 11, 2026 11w ago | 6-K | $23.04 $24.83 | ▲ +7.77% | ▲ +8.83% | $17.34 (−24.74%) |
Aug 11, 2026 11w ago | 6-K | $23.04 $24.83 | ▲ +7.77% | ▲ +8.83% | $17.34 (−24.74%) |
Aug 7, 2026 11w ago | 6-K | $24.30 $24.60 | ▲ +1.23% | ▲ +1.63% | $17.34 (−28.64%) |
Jul 23, 2026 13w ago | 6-K | $25.71 $22.30 | ▼ −13.26% | ▼ −16.89% | $17.34 (−32.56%) |
Jun 29, 2026 17w ago | 6-K | $25.69 $25.71 | ▲ +0.08% | ▲ +0.36% | $17.34 (−32.50%) |
Jun 24, 2026 17w ago | 6-K | $24.49 $26.59 | ▲ +8.57% | ▲ +8.05% | $17.34 (−29.20%) |
May 14, 2026 23w ago | 6-K | $23.50 $27.56 | ▲ +17.28% | ▲ +18.13% | $17.34 (−26.21%) |
May 12, 2026 24w ago | 6-K | $24.16 $25.93 | ▲ +7.33% | ▲ +9.05% | $17.34 (−28.23%) |
May 12, 2026 24w ago | 6-K | $24.16 $25.93 | ▲ +7.33% | ▲ +9.05% | $17.34 (−28.23%) |
US Market Status
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