UPDATE 1-Argentina's EDENOR files with US for $180 mln IPO

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WASHINGTON, April 4 (Reuters) - EDENOR, an Argentine electricity distribution company, filed documents with U.S. regulators on Wednesday for an initial public offering.

The company, known as Distribution and Marketing Company of the North Inc., said it plans to sell as much as $180 million in American depositary shares representing Class B common shares.

In a preliminary offering document filed with the U.S. Securities and Exchange Commission, the company -- also known in Spanish as Empresa Distribuidora y Comercializadora Norte S.A. -- said each ADS amounts to 20 Class B common shares.

Citigroup and JPMorgan will underwrite the IPO, according to the SEC document.

The company is seeking a New York Stock Exchange listing under the symbol "EDN." It said its shares have been submitted for trading on the Buenos Aires Stock Exchange under the same symbol (EDN.BA).

Electricidad Argentina SA (EAS_p6.BA) holds a 51 percent stake in EDENOR, the SEC filing shows.

EDENOR said it is required to use 25 percent of its net cash proceeds to repurchase debt instruments in the open market for two years after the IPO.

The company also plans to use a portion of the proceeds for general corporate purposes, including more repurchases of its restructured debt instruments and capital expenditures.

It said it will not receive any proceeds from the sale of ADSs by the selling shareholders or Class B common shares by our Employee Stock Participation Program.