Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 55

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 55
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$1.9 million, respectively, aggregate principal amount of 2031 Notes in an offer to exchange up to US$200 million aggregate principal amount of our outstanding 2026 Notes for 2031 Notes (the “Exchange Offer”). In the Exchange Offer, we accepted for exchange US$117.2 million aggregate principal amount of our 2026 Notes for exchange. 
On August 8, 2024, we used the proceeds of the 2031 Notes to purchase for cash US$19.7 million (representing US$58.4 principal amount) of aggregate principal amount of our outstanding 2025 Notes pursuant to an offer to purchase for cash up to US$100 million of the outstanding aggregate principal amount of such securities. 
On August 15, 2024, we applied the proceeds of the 2031 Notes to pay an amortization installment of US$40.9 million and to prepay in full the outstanding principal amount of US$38.3 million under our IFC Loan Agreement dated March 4, 2019. On the same date, we used the proceeds of the 2031 Notes to make a US$16.8 million principal payment and to partially prepay US$125 million under the 2022 IFC Loan Agreement, reducing the outstanding principal amount to US$42.7 million. In addition, on September 3, 2024, we used the proceeds of the 2031 Notes to partially prepay US$135.0 million under the 2019 IDB Invest Loan Agreement, reducing the outstanding principal amount to US$136.1 million. Finally, on September 15, 2024, we used the proceeds of the 2031 Notes to pay an amortization installment of US$15.4 million and to prepay in full the outstanding principal amount of US$62.7 million under our loan agreement with the IFC dated October 5, 2016. In these transactions, we also paid accrued interest and related fees.
On October 29, 2024, we issued an additional US$200 million aggregate principal amount of the 2031 Notes in a new money offering (the net amount received by the Company was US$211.4 million).
On December 9, 2024, we applied the proceeds of the 2031 Notes and additional 2031 Notes to prepay in full the outstanding principal amount of US$42.7 million under the 2022 IFC Loan Agreement. As part of