Genneia announced a $51.5 million debt swap plan

Genneia, a leading renewable energy generation company in Argentina, launched a refinancing plan for its Class XXI Negotiable Obligations (“ON”) of $51.5 million maturing on November 23, 2020. The new Class XXX Notes are a dollar instrument, with a 12% coupon and a two-year bullet repayment term. The payment address will be in New York, and the Notes XXX may be integrated in kind, delivering the Notes XXI in exchange, or cash in dollars.

Source: Ámbito