Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 319

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 319
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    07/2031   ​   ​   ​                                     ​   ​   ​                            ​   ​   ​                  ​   ​         ​   ​      ​      ​      
         ​   ​   US$ linked   ​   ​            33.7    (9)   ​    08/2024   ​   ​    02/2026   ​   ​   In one installment at maturity date   ​   ​   Annual fixed rate of: 2%     ​   ​   Quarterly basis    ​   ​    34,944   ​      ​      —      
         ​   ​   US$          ​   ​              75   (10)   ​    11/2024   ​   ​    11/2028   ​   ​   In one installment at maturity date   ​   ​   Annual fixed rate of 7%      ​   ​   Quarterly basis    ​   ​    77,613   ​      ​      —      
(*)These accounting balances include interest and related expenses.

(1)   Series 21 Notes: In June 2024, the Company issued US$500 million, the subscription price was under par, so at the date of issuance, the Company obtained, net of issuance costs, US$493 million ($531,597 million in current currency as of December 31, 2024). In July and August, 2024, the Company exchanged US$115.3 million ($ 120,049 million in current currency as of December 31, 2024) and US$ 1.9 million ($ 2,050 million in current currency as of December 31, 2024), respectively, of Series 21 Notes for part of its Series 1 Notes maturing in 2026. This transaction was recognized as a debt extinguishment, recognizing a gain of $256 million that is included in “Borrowings renegotiation results” item, within Financial results from borrowings. In October 2024, the additional issuance of US$200 million, which subscription price was above par, so as of the issuance date, the Company obtained net funds from issuance expenses amounting to US$211 million (equivalent to $219.941 million in current currency as of December 31, 2024). The Company used funds amounting to US$704 million to the payment, repayment, payment of principal and interest of the following borrowings: a) IFC for US$342 million, b