Business Context and Reporting Period
Company: Transportadora de Gas del Sur S.A. (GAS TRANSPORTER OF THE SOUTH INC)
Filing Type: Form 6-K (Report of Foreign Issuer)
Date: February 19, 2009
Context: The filing notifies the SEC regarding a specific corporate action involving the company's outstanding debt securities, specifically the US$500,000,000, 7.875% Notes Due 2017.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or margin data. The only specific financial metric disclosed relates to debt reduction:
- Debt Repurchase: The company repurchased Notes with an aggregate principal value of US$3,000,000 in the open market.
- Intended Action: The repurchased Notes are intended to be cancelled and removed from trading on the Bolsa de Comercio de Buenos Aires, the Mercado Abierto Electrónico S.A., and the Euro MTF Market.
Material Changes
The material change reported is the reduction of the outstanding principal of the 7.875% Notes Due 2017 by US$3,000,000 through open market repurchases. No other material changes to operations or financial condition are detailed in this specific filing.
Guidance, Outlook, and Risks
This filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. It is a procedural notification of a completed transaction and the subsequent administrative steps to cancel the securities.
Investor Verification Checklist
- Verify the updated outstanding principal balance of the 7.875% Notes Due 2017 following the US$3,000,000 reduction.
- Confirm the official cancellation of the repurchased Notes by the Trustee.
- Check for the delisting of the cancelled Notes from the specified trading venues (Bolsa de Comercio de Buenos Aires, MAE, Euro MTF).