Business Context and Reporting Period
This Form 6-K filing by IRSA Inversiones y Representaciones Sociedad Anónima (IRSA) covers the month of August 2024. The report serves as a notification regarding a scheduled debt service payment for the Company's Fixed Rate Series XIII Notes.
Key Financial Metrics
The filing details specific debt obligations rather than operational financial performance metrics such as revenue or profit.
- Debt Instrument: Fixed Rate Series XIII Notes (issued August 26, 2021).
- Original Principal Amount: USD 58,124,596.00.
- Capital Outstanding: USD 29,062,298.00.
- Annual Nominal Interest Rate: 3.90%.
- Payment Currency: Argentine Pesos (ARS) at the applicable exchange rate.
Material Changes and Payment Details
IRSA announced the commencement of the sixth interest installment and the third capital installment on August 26, 2024. This payment covers the period from February 26, 2024, to August 26, 2024.
| Component | Amount (USD) | Percentage of Outstanding |
|---|---|---|
| Interest Payment | 565,162.17 | 100% of accrued interest |
| Capital Payment | 29,062,298.00 | 50% of outstanding principal |
Following this payment, the remaining capital outstanding will be reduced by 50%.
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, management commentary on operations, or a discussion of general risks. The primary contingency noted is the payment execution date of August 26, 2024, with interest entitlement determined by the registry as of August 25, 2024. The payment agent is identified as Caja de Valores S.A.
Investor Verification Checklist
- Verify the exchange rate used to convert the USD-denominated obligation into Argentine Pesos (ARS) for the actual payment date.
- Confirm the updated capital outstanding balance post-payment (expected to be approximately USD 29,062,298.00).
- Check the Company's liquidity position to ensure sufficient ARS funds were available to meet the full capital and interest obligation.
- Review the remaining amortization schedule for the Series XIII Notes following this 50% principal reduction.