On October 4, 2024 YPF S.A. (“YPF”), the principal Argentinian company dedicated to the exploitation of hydrocarbon products and their derivatives in Argentina, announced the results of the liability management transaction which consisted in the issuance of its 8.750% Senior Notes due 2031 (the “New Notes”).
The New Notes were issued in an international exchange offer in exchange for YPF’s outstanding 8.500% Senior Notes due July 2025 (the “Old Notes”).
BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Santander US Capital Markets LLC acted as dealer managers (the “Dealer Managers”) and Balanz Capital Valores S.A.U., Banco Santander Argentina S.A. and Banco de Galicia y Buenos Aires S.A.U., acted as local dealer managers (the “Local Dealer Managers”) in connection with the Exchange Offer.
Counsel to YPF
Bruchou & Funes de Rioja acted as legal counsel through its team lead by partner José Bazán and associates Leandro Belusci, Branko Serventich and Teo Panich.
Cleary Gottlieb Steen & Hamilton LLP acted as New York legal counsel through its team led by partner Juan G. Giráldez, associates Ignacio Lagos and Martín Sasson and international lawyer Juan Ignacio Leguízamo.
In-House Counsel to YPF S.A.:
YPF S.A. was advised by its in-house legal team comprising attorneys Fernando Gómez Zanou, Marina Quinteiro, Francisco Gaspari, Paola Garbi and Valeria Moglia.
Counsel to the Dealer Managers and the Local Dealer Managers
TCA Tanoira Cassagne acted as legal counsel to the Dealer Managers and the Local Dealer Managers through its team lead by partners Alexia Rosenthal, Rocío Carrica and Ignacio Criado Díaz and associates Carolina Mercero, Juan Manuel Simó and Stefanía Lo Valvo.
Milbank LLP acted as New York legal counsel to the Dealer Managers and the Local Dealer Managers through its team led by partner Carlos Albarracín, associate Gonzalo Guitart and international lawyer Pamela Molina.
