#Exchange Offer #Argentina #Buenos Aires #CTR #GEMSA

Generación Mediterránea S.A. and Central Térmica Roca S.A. Extend Early Participation Date for Exchange Offer

On April 24, 2026, Generación Mediterránea S.A. (GEMSA) and Central Térmica Roca S.A. (CTR) made a significant announcement concerning their previously stated exchange offer associated with their outstanding 9.625% Senior Notes due 2027. This decision is part of a broader effort to ensure a successful transition to newly issued Fixed Rate Step-Up Senior Notes due 2036, which will help the companies maintain and improve their financial stability.

Key Highlights of the Exchange Offer Extension

The extended participation window allows holders of the existing senior notes an additional opportunity to exchange them for the new notes until May 6, 2026, providing a window for eligible holders to benefit from the early tender premium. As of the most recent reports, approximately

• - US$52 million (44.30%) of the existing notes were validly tendered for exchange.
• - A considerable 76.24% of valid tenders for local notes were received, indicating robust interest from noteholders.

These results underscore the companies' ongoing commitment to enhancing their capital structure while adhering to conditions set within their exchange offer and consent solicitation memorandum, allowing them to establish a stronger fiscal foundation.

Moving Forward with APE

The APE (Alternative Payment Election) filing process is also part of this endeavor. According to recently received APE Instructions validly suffixed from partners representing 44.30% of the existing notes, the companies inform their intent to proceed with the APE closing. This allows for the continued participation of existing noteholders in this transition plan.

To facilitate the exchange and solicitation process, Morrow Sodali International LLC has been appointed as the information and exchange agent. This partnership is vital, as they will aid in managing responses from the tender process and ensure that eligible noteholders have the requisite information at hand.

Practical Implications for Noteholders

Participating holders must ensure the execution of the APE Instruction, duly notarized and submitted within five business days following the new Early Participation Date. This streamlined communication ensures that all transaction details are managed efficiently, enabling a successful exchange of the notes.

In addition, holders will receive an early tender premium calculated at a rate of 0.50% per annum on the principal amount of notes, incentivizing participation in the exchange offer. By participating in the offer prior to the new deadline, eligible holders are afforded the opportunity to capitalize on this premium, embodying the companies' advocacy for active engagement from their investor base.

Furthermore, the overall intent behind this offer and solicitation is aimed at bolstering liquidity, reducing debt levels, and maintaining robust capital access in the future. This strategic option provided aims not only to include existing noteholders in the ongoing evolution of the financial strategy but also to prepare the companies to face upcoming market challenges.

Conclusion

As GEMSA and CTR navigate the complexities of the financial landscape, this extension of the Early Participation Date for their exchange offer is a proactive step in fostering stability and growth. Investors are encouraged to evaluate their options carefully and consider participating in this unique opportunity provided by the companies. For further inquiries, stakeholders can contact the information and exchange agent directly for detailed assistance.

Thus, this extension reveals a broader strategic vision for the companies aiming to enhance investment engagement and reaffirm their commitment towards sustainable financial practices in an evolving market.