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IMPSA completes debt restructuring

IMPSA completes debt restructuring

April 20, 2022 | Charles Newbery
Argentine power plant builder swaps bonds for new 2036 notes and extends loan repayments with CAF and Banco Hipotecario

Corporate & Sovereign Strategy Bonds Debt Loans Argentina Energy Technology

IMPSA, a power plant builder in Argentina, said Tuesday that it has restructured two loans and $183 million in international bonds as part of legal proceedings to emerge from bankruptcy protection. The Godoy Cruz, Mendoza-based company said bondholders agreed to swap the old notes for a new non-publicly traded bonds maturing in 2036, according to a securities filing. The new notes have an outstanding balance of $206 million, including the principal from the old bond and $23.1 million in unpaid i

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