s facility is collateralized by a first-priority, perfected-security interest in EDEN and EDES class B shares and a second-priority, perfected- security interest in the companies' class A shares.
The ratings of EDEN and EDES incorporate the challenges of operating in Argentina and the relatively high regulatory risk.
EDEN and EDES also benefit from the stable and profitable sales to the residential sector, and by positive demand growth.
was privatized in 1997, when a 90% economic interest was awarded to AESEBA S.
The acquisition of EDES enables us to leverage our extensive development, sales, and trading partner implementation resources with EDES's experience in providing EC services to selected UK industry segments," said Tom Lutz, president of the Paris-based International Division of Sterling Commerce's Commerce Services Group.
EDES is a subsidiary of CAMS Group, a UK-based holding company.