Argentina’s IRSA shareholders OK increase, extension of note program

By Marisa Wong

Morgantown, W.Va., Nov. 1 – Inversiones y Representaciones SA shareholders approved a five-year extension of the company’s global note issuance program at an extraordinary general meeting held on Monday, according to a 6-K filing with the Securities and Exchange Commission.

Shareholders also approved an increase in the amount of the program, to $500 million from $300 million.

The company proposed the five-year extension and $200 million expansion last month.

The notes program was originally approved by shareholders at a meeting held Oct. 31, 2011.

IRSA is a commercial real estate company in Buenos Aires.

© 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.