On September 13, 2024 YPF S.A. (“YPF”), the principal Argentinian company dedicated to the exploitation of hydrocarbon products and their derivatives in Argentina, announced the expiration and final results of its cash tender offers for cash for up to US$500,000,000 of its: (i) 8.500% Senior Notes due July 2025; and (ii) 6.950% Senior Notes due 2027 (the “Tender Offers” and the “Securities”, respectively).
The Tender Offers were oversubscribed at the Early Tender Date. The accepted Securities were purchased and cancelled by YPF on September 16, 2024.
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 Tender Offers.
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 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.
