IRSA (NYSE: IRS) issues USD 180M Series XXIV Additional Notes due 2035

Rhea-AI Filing Summary

IRSA Inversiones y Representaciones Sociedad Anónima is issuing Series XXIV Additional Notes in the international market for USD 180 million. These U.S. dollar‑denominated notes will bring the total outstanding nominal value of this series to USD 480,454,198. The notes are expected to be issued and settled on December 17, 2025 and will mature on March 31, 2035.

The notes carry a fixed annual interest rate of 8.00%, paid semiannually on March 31 and September 30, starting March 31, 2026, and are priced at 98.503%, implying a yield to maturity of 8.25% and an average life of 8.3 years. Principal will be repaid in three annual installments of 33%, 33% and 34% of nominal value in 2033, 2034 and 2035, respectively, with payments made in U.S. dollars outside Argentina through DTC or its representative.

Insights

Emerging markets credit analyst

IRSA raises USD 180M via 10‑year notes at an 8% coupon.

IRSA is issuing Series XXIV Additional Notes for USD 180,000,000, increasing this series to a total nominal value of USD 480,454,198. The notes mature on March 31, 2035, giving the company long‑dated U.S. dollar funding placed in the international market.

The securities bear an annual coupon of 8.00%, paid semiannually, and are issued at 98.503% of face value, which results in a yield to maturity of 8.25% and an average life of 8.3 years. Amortization in three installments in 2033, 2034 and 2035 spreads out principal repayment instead of concentrating it on a single date.

Because payments are made in U.S. dollars outside Argentina through DTC, the structure aligns the debt with international investors and settlement systems. The actual impact on leverage and liquidity depends on how this issuance interacts with IRSA’s existing debt profile, which is not detailed in this excerpt.

Form 6-K: How Foreign Companies Report to the SEC →

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 6-K

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15b-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of December, 2025

IRSA Inversiones y Representaciones Sociedad Anónima

(Exact name of Registrant as specified in its charter)

IRSA Investments and Representations Inc.

(Translation of registrant´s name into English)

Republic of Argentina

(Jurisdiction of incorporation or organization)

Carlos M. Della Paolera 261 9th Floor

(C1001ADA)

Buenos Aires, Argentina

(Address of principal executive offices)

Form 20-F ⌧                                  Form 40-F  ☐

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐                                  No ⌧

IRSA INVERSIONES Y REPRESENTACIONES SOCIEDAD ANÓNIMA

(THE “COMPANY”)

REPORT ON FORM 6-K

Attached is the English translation of the summary of the letter dated December 11, 2025, filed by the Company with the Bolsa de Comercio de Buenos Aires  and the Comisión Nacional de Valores.

BUENOS AIRES, ARGENTINA –  December 11, 2025 – IRSA Inversiones y Representaciones Sociedad Anónima (the “Company”) (NYSE: IRS), announces the issuance of its Series XXIV Additional Notes in the international market for USD 180 million, according to the following information:

Series XXIV Additional Notes

Amount to be Issued: USD 180,000,000 

Total Outstanding Nominal Value after Issuance: USD 480,454,198

Issue and Settlement Date: December 17, 2025.

Maturity Date: March 31, 2035. If the Maturity Date is not a Business Day, payment will be made on the next succeeding Business Day, without any additional interest accruing.

Issue Price: 98.503% plus accrued interest from September 30, 2025 (inclusive) to December 17, 2025 (exclusive), for a total amount of USD 3,080,000 (equivalent to USD 17.11 per USD 1,000 of principal of the Notes), plus any additional accrued interest if settlement occurs after such date.

Interest Rate: 8.00%

Average Life: 8.3 years.

Yield to Maturity: 8.25%.

Amortization:Principal will be amortized in three annual installments as follows:

    - 33% of the nominal value on March 31, 2033;

    - 33% of the nominal value on March 31, 2034; and   

   - 34% of the nominal value on March 31, 2035.

Interest Payment Dates: Semmiannually, on March 31 and September 30 of each year, starting on March 31, 2026. If any Interest Payment Date is not a Business Day, payment will be made on the next succeeding Business Day, with the same force and effect as if made on the scheduled date, and without accruing additional interest.

Form and Place of Payment: in United States Dollars, outside of Argentina, through DTC or its representative.

CUSIP: Rule 144A: 450047 AJ4 Regulation S: P58809 BU0

ISIN: Rule 144A: US450047AJ43 Regulation S: USP58809BU07

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Buenos Aires, Argentina.

	IRSA Inversiones y Representaciones Sociedad Anónima
	By:	/S/ Saúl Zang
		Name: Saúl Zang
		Title: Responsible of relationship with the markets

December 11, 2025



FAQ

What did IRSA (IRS) announce in this Form 6-K?

IRSA announced the issuance of its Series XXIV Additional Notes in the international market for a total principal amount of USD 180,000,000.

What are the key terms of IRSAs Series XXIV Additional Notes?

The notes have a USD 180 million principal amount, a 8.00% annual interest rate, are priced at 98.503%, and have a yield to maturity of 8.25% with an average life of 8.3 years.

When do IRSAs Series XXIV Additional Notes mature and how is principal repaid?

The notes mature on March 31, 2035, with principal amortized in three installments: 33% on March 31, 2033, 33% on March 31, 2034, and 34% on March 31, 2035.

How often will IRSA pay interest on the Series XXIV Additional Notes?

Interest will be paid semiannually on March 31 and September 30 of each year, beginning on March 31, 2026.

What will be the total outstanding amount of IRSAs Series XXIV Notes after this issuance?

After this issuance, the total outstanding nominal value of the Series XXIV Notes will be USD 480,454,198.

In what currency and where will IRSAs Series XXIV Additional Notes be paid?

Payments will be made in United States dollars, outside Argentina, through DTC or its representative.