The power generating company received strong support from both existing bondholders and new international and local investors.
MSU Energy managed to pre-cancel his international bonus of US$600 million maturing on February 1, 2025.
At the beginning of the month, MSU Energy secured a syndicated loan of US$222 million, maturing in October 2027 and an interest rate of 8%, backed by Argentina’s main private and public banks: Galicia, ICBC, Santander, BBVA , Securities, Mortgage, Nation, Province and City.
Simultaneously, the company completed the issuance of a new international bond maturing in 2030 for US$400 million at 9.75%.
This bond received strong support from both existing bondholders, who participated by exchanging their holdings of the 2025 bond, and new international and local investors.
“The successful pre-cancellation of our 2025 bond is a testament to the confidence that investors have in our management and the strength of our company,” stated Pablo Ferrero, CEO of MSU Energy.
The execution of the development and construction stage of the plants, which ended in 2020 with an investment of US$1,000 million, followed by great operational performance and compliance with its financial obligations, has allowed MSU Energy to optimize its structure of capital with the recognition and support of the local and international financial community.
“In the last four years, despite great macroeconomic volatility and exchange restrictions, the company has managed to reduce its debt by US$320 million. Our commitment to complying with all our commercial and financial obligations has been fundamental to achieving these results,” commented Hernan WalkerCFO of MSU Energy.
MSU Energy’s refinancing is a significant milestone that highlights the company’s ability to responsibly manage liquidity and adapt to market conditions.
Source: Ambito
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