SEC Filing Summary: IRSA Investments & Representations Inc.
Business Context and Reporting Period
This Form 6-K filing, dated November 21, 2024, pertains to IRSA Inversiones y Representaciones Sociedad Anónima (IRSA), a company incorporated in the Republic of Argentina. The report serves as a notification regarding a scheduled interest payment on the Company's Variable Rate Series XIX Notes.
Key Financial Metrics
The filing details specific debt service obligations rather than comprehensive financial performance metrics such as revenue or operating cash flow.
- Debt Instrument: Variable Rate Series XIX Notes
- Principal Amount Outstanding: ARS 26,203,845,375
- Annual Nominal Interest Rate: 40.2896%
- Interest Payment Amount: ARS 2,661,049,459.54
- Payment Currency: Argentine Pesos (ARS)
- Payment Date: November 28, 2024
- Interest Period Covered: August 28, 2024 to November 28, 2024
The filing does not provide clear values for revenue, profit, operating margins, or liquidity ratios.
Material Changes
This filing does not report material changes to the Company's financial position or operations compared to prior periods. It is a routine disclosure of a scheduled debt service event.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. The primary focus is the execution of the third interest installment payment for the Series XIX Notes, with the record date set for November 27, 2024.
Key Facts for Investor Verification
- Verify the Company's ability to service high-interest debt (40.2896% annual nominal rate) in Argentine Pesos.
- Confirm the payment of ARS 2,661,049,459.54 is processed on or before November 28, 2024.
- Monitor the impact of Argentine Peso inflation and exchange rate volatility on the real value of the debt service.
- Check for any subsequent filings regarding the maturity of the Series XIX Notes due in 2025.