#Senior Notes #Argentina #Buenos Aires #2025 #YPF

YPF Sociedad Anónima Completes Tender Offer for Senior Notes

On January 16, 2025, YPF Sociedad Anónima, a prominent Argentinian energy company, announced the conclusion of its tender offer for the 8.500% Senior Notes that are due in July 2025. This tender offer aimed to purchase all outstanding securities in the market, a move designed to optimize the company’s financial position ahead of the maturity date of these notes.

The tender offer, which commenced earlier, allowed investors to exchange their notes under specific terms outlined in the company's Offer to Purchase documents, dated January 2, 2025. The deadline for submitting tenders was set for January 15, 2025, at 5:00 PM Eastern Time, marking a critical point for investors looking to capitalize on the offer.

In terms of the tender results, YPF reported that the total principal amount of these 8.500% Senior Notes issued is approximately $757 million. As per the terms of the offer, an impressive $314,922,000 of these notes were successfully tendered by investors prior to the expiration deadline. All of the submitted notes were accepted for purchase by YPF, reaffirming the company's commitment to managing its debt efficiently.

Following the acceptance, eligible holders of these notes stand to receive $1,019.50 for every $1,000 of principal amount surrendered, alongside representing accrued interest up until the settlement date. This settlement date is scheduled for January 17, 2025.

As YPF looks ahead, the company continues to strengthen its financial backing while navigating the complexities of the fluctuating energy market. By facilitating this tender offer, the organization not only provides liquidity for its note holders but also enhances its balance sheet amid ongoing economic challenges in Argentina.

Furthermore, the detailed mechanisms and conditions of the tender offer were meticulously described in the Offer to Purchase. YPF has enlisted the expertise of multiple dealer managers, including notable firms like BBVA Securities Inc. and Deutsche Bank Securities Inc., to orchestrate this operation while guiding investors through their inquiries regarding the resulting transactions.

It's crucial to note that this tender offer does not represent an invitation to buy or sell these securities to every investor. Rather, YPF, along with its financial advisors and agents, encourages individuals who hold the securities to make informed decisions based on the comprehensive terms laid out in the Offer to Purchase documentation.

The completed tender offer signifies a strategic move in YPF's funding strategy and reiterates its proactive approach to managing debt obligations. As the date of note maturity approaches, YPF's actions could set a precedent for other companies in the sector looking to engage with their investors amidst evolving market conditions.

This announcement was made primarily for informational purposes and does not constitute an offer to purchase or a solicitation for the sell of the securities involved.

YPF's ongoing efforts to maintain and improve its financial health are paramount to its operations, especially as it navigates the challenges facing the South American energy sector. Investors watching YPF's movements remain keenly interested in how the company's strategic financial initiatives will unfold in the coming months.