By
letter dated Abril, 2017, the Company reported that it has become
aware that Dolphin Netherlands B.V. ( "Dolphin") and Inversiones
Financieras del Sur S.A. ( "IFISA") have agreed to make certain
changes to the terms and conditions of the financings granted on
(a) February 10, 2015, modified on 9 May 2016 and 22 November 2016;
and (b) July 31, 2015, modified on on May 9 and November 22,
2016, (c) the financing
between REIG V (subsidiary of IRSA) and IFISA granted on
October 8, 2015, modified on October 7, 2016; with the maturity
term being extended in all cases.
The
main changes to the terms and conditions of timely financing
consist of:
1)
Extend the maturity until February 5, 2018 of all the financing
mentioned in (a), (b) and (c) for a total of USD 68,747,447
(resulting from USD 21,647,447, USD 7,100,000 and UDS 40,000,000
respectively) capitalizing accrued and unpaid interest as of April
6, 2017 for USD 6,838,122.73. The new maturity will coincide with
that of the option to purchase IDBD shares granted by IFISA to the
Company in February 2016.
2)
Maintain the rest of the current conditions of the financings
mentioned in (a), (b) and (c) without changes such as the
guarantees granted and the rate equivalent to 9% per
year.
The audit committee has no objections towards this
transaction