Argentina's TGN extends restructuring offer deadline to Aug. 25

By Caroline Salls

Pittsburgh, Aug. 4 - Transportadora de Gas del Norte SA has extended the exchange offer in connection with the proposed restructuring of $347.30 million of its debt to 5 p.m. ET on Aug. 25 from Aug. 5, according to a company news release.

As of Tuesday, the company said it had received acceptances from holders of 11.5% of its debt and it was in negotiations with a committee representing holders of 55% of the debt about the final terms of the restructuring.

TGN is a Buenos Aires-based natural gas company.

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