Business Context and Reporting Period
This Form 6-K filing by Transportadora de Gas del Sur S.A. (Gas Transporter of the South Inc.) is dated December 19, 2008. The report concerns the company's US$500,000,000, 7.875% Notes Due 2017.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, or liquidity ratios. The only specific financial metric disclosed is the principal value of debt repurchased.
- Debt Repurchased: US$15,000,000 aggregate principal value of Notes.
- Outstanding Notes: US$500,000,000 total issuance (7.875% Notes Due 2017).
Material Changes
The company executed an open market repurchase of its outstanding Notes. This action reduces the total principal amount of the debt instrument outstanding by US$15,000,000. The filing does not provide comparative data to prior periods regarding operational or financial performance.
Outlook, Risks, and Unusual Items
Management Commentary: The company intends to cancel the repurchased Notes. It will request the Trustee to cancel the Notes and take actions to remove them from listing and trading on the Bolsa de Comercio de Buenos Aires, the Mercado Abierto Electrónico S.A., and the Euro MTF Market.
Risks and Contingencies: The filing text does not disclose new risks, contingencies, or unusual items beyond the standard debt management activity described.
Key Facts for Investor Verification
- Verify the updated outstanding principal balance of the 7.875% Notes Due 2017 following the US$15,000,000 repurchase.
- Confirm the completion of the cancellation process with the Trustee and the delisting of the repurchased Notes from the specified exchanges.
- Note that this filing contains no operational or earnings data for the period; investors should refer to the most recent Form 20-F for full financial results.