Argentina's Impsa plans note offering to fund tender for 11¼% notes

By Christine Van Dusen

Atlanta, Sept. 9 - Argentina's Industrias Metalurgicas Pescarmona SAIC (Impsa) plans to issue notes, according to a company announcement.

UBS Investment Bank and Bank of America Merrill Lynch are expected to be the bookrunners for the deal, which will most likely settle at the Oct. 5 conclusion of a tender offer for any and all outstanding 11¼% notes due 2014.

Proceeds of the new note issuance will be used to purchase tendered notes.

Impsa is a Mendoza, Argentina-based producer of wind and hydropower equipment.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.