Telecom Argentina S.A.
8.500% Notes due August
6, 2025
(CUSIP Nos. 879273 AT7 and P9028N AZ4; ISIN
Nos. US879273AT79 and USP9028NAZ44)
BUENOS
AIRES, Argentina, July 22,
2024 /PRNewswire/ -- Telecom Argentina S.A.
("Telecom") hereby announces that it is extending the offer to pay
the Early Tender Offer Consideration through the Expiration Time in
connection with its previously announced offer to purchase for cash
(the "Offer") up to U.S.$100,000,000
outstanding aggregate principal amount (reflecting, for the
avoidance of doubt, any amortization) of its outstanding 8.500%
Notes due August 6, 2025 (the
"Notes") from each registered holder, on the terms and subject to
the conditions set forth in the offer to purchase dated
July 8, 2024 (as it may be amended or
supplemented from time to time, the "Statement"). As a result,
holders of Notes that are validly tendered (and not validly
withdrawn) at or prior to the Expiration Time, including those who
have validly tendered (and not validly withdrawn) Notes at or prior
to the Early Tender Deadline, and accepted for purchase (subject to
any required proration), will be entitled to receive the Early
Tender Offer Consideration as set forth in the Statement.
Capitalized terms used but not defined herein have the meanings
assigned to them in the Statement.
The complete terms and conditions of the Offer are described in
Telecom's Statement. Except as described in this press release, the
other terms of the Offer as set forth in the Statement remain
unchanged.
The Offer is scheduled to expire at 5:00
p.m., New York City time,
on August 5, 2024 unless extended or
earlier terminated (such time and date, as the same may be
extended, the "Expiration Time"). The previously announced
withdrawal deadline of 5:00 p.m.,
New York City time, on
July 19, 2024, has now passed.
Notes that have been validly tendered may no longer be
withdrawn, and any Notes validly tendered on and after the date
hereof and prior to the Expiration Time may not be withdrawn.
The Payment Date is expected to be three business days after the
Expiration Time.
Morrow Sodali International LLC is acting as the information and
tender agent (the "Information and Tender Agent") for the Offer.
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC,
Santander US Capital Markets LLC, BBVA Securities Inc., BCP
Securities, Inc., Latin Securities, S.A., Agente de Valores, and
UBS Securities LLC are acting as dealer managers (the "Dealer
Managers") for the Offer.
This press release is neither an offer to purchase nor a
solicitation of an offer to sell the Notes. The Offer is not being
made to holders in any jurisdiction in which Telecom is aware that
the making of the Offer would not be in compliance with the laws of
such jurisdiction. In any jurisdiction in which the securities laws
or blue sky laws require the Offer to be made by a licensed broker
or dealer, the Offer will be deemed to be made on Telecom's behalf
by the Dealer Managers or one or more registered brokers or dealers
that are licensed under the laws of such jurisdiction. Any
questions or requests for assistance regarding the Offer may be
directed to the Dealer Managers. Requests for additional copies of
the Statement and related documents may be directed to the
Information and Tender Agent.
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements are information of a non-historical
nature or which relate to future events and are subject to risks
and uncertainties. No assurance can be given that the transactions
described herein will be consummated or as to the ultimate terms of
any such transactions. Telecom undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information or future events or for any other
reason.
The Information and Tender Agent for the Offer
is:
Morrow Sodali International
LLC
E-mail:
telecomargentina@investor.morrowsodali.com
Offer Website:
https://projects.morrowsodali.com/telecomargentina
In
London
|
In
Stamford
|
103 Wigmore
Street
|
333 Ludlow
Street,
|
W1U 1QS
|
South Tower, 5th
Floor
|
London
|
Stamford, CT
06902
|
Telephone: +44 20 4513
6933
|
Telephone: +1 203 658
9457
|
Any question regarding the terms of the Offer
should be directed to the Dealer Managers.
The Dealer Managers for the Offer
are:
Deutsche Bank
Securities Inc.
1 Columbus
Circle
New York, New York,
10019
United
States
Attention:
Liability
Management
Call Collect: (212)
250-2955
Toll-Free: (866)
627-0391
|
J.P.
Morgan
Securities
LLC
383 Madison
Avenue
New York, New York
10179
United
States
Attention: Latin
America Debt Capital Markets
Call Collect: (212)
834-7279
Toll-Free: (866)
846-2874
|
Santander US Capital
Markets LLC
437 Madison
Ave
New York, New York
10022
United
States
Attention: Liability
Management
Call Collect: (212)
350-0660
Toll-Free: (855)
404-3636
|
BBVA Securities
Inc.
1345 Avenue of the
Americas,
44th Floor
New York, New York
10105
United States of
America
Attn: Liability
Management
Collect: +1 (212) 728
2446
U.S. Toll Fee: +1 (800)
422 8692
Email:
liabilitymanagement@bbva.com
|
BCP Securities,
Inc.
289 Greenwich
Avenue
Greenwich, CT
06830
United
States
Attention: James
Harper
(203)
629-2186
Email:
jharper@bcpsecurities.com
|
Latin Securities
S.A. Agente de Valores
Zonamérica
Ruta 8, Km
17,500
Edificio M2, Ofic.
002
Montevideo, CP
91600
Uruguay
Attention:
m.sagaseta@latinsecurities.com.uy
|
UBS Securities
LLC
1285 Avenue of the
Americas
New York, NY
10019
Attention: Liability
Management Group
Call Collect: (212)
882-5723
Toll Free: (833)
690-0971
Email:
Americas-lm@ubs.com
|
Information relating to the Offer shall be available online at
https://projects.morrowsodali.com/telecomargentina until the
consummation or termination of the Offer
View original
content:https://www.prnewswire.com/news-releases/telecom-argentina-sa-announces-an-extension-of-early-tender-offer-consideration-for-cash-tender-offer-302202478.html
SOURCE Telecom Argentina S.A.