Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Argentina’s La Lata to Meet With Bondholders on Payment Terms

Central Termica Loma de la Lata SA, owned by Argentina’s biggest electricity company, will meet with bondholders in an attempt to restructure the terms of its 2015 bonds.

La Lata, as the company owned by Pampa Energia SA is known, will have the meeting on March 1 in Buenos Aires to discuss changing its interest payments, it said in a note sent to the Argentine regulator.

On Nov. 23, the company said an electric storm halted its TurboVapor unit, prompting Moody’s Investors Service and Fitch Ratings analysts to say La Lata may struggle to service the bonds, as the damaged turbine accounts for almost 90 percent of the company’s earnings before interest, taxes, depreciation and amortization, or Ebitda.

Loma de la Lata has $166 million of 2015 unsecured notes outstanding, according to data compiled by Bloomberg.

The damaged turbine was sent to Germany for repairs and should be back and operating in a matter of days, a company official who can’t be named according to the company’s internal policy said. He declined to comment on new terms for the bonds.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.