Milbank LLP advised the initial purchasers and dealer managers in connection with the offering by YPF Sociedad Anónima of US$1.1 billion aggregate principal amount of 8.250% senior notes due 2034, and an offer to purchase any and all of its 8.5% senior notes due July 2025.
This marks the third YPF note offering Milbank has advised on since the issuer’s return to the international capital markets in 2024.
YPF is Argentina’s leading energy company, operating a fully integrated oil and gas chain with market leadership positions in all upstream, industrialization, commercialization and gas and energy segments in the country.
The Milbank deal team was led by Corporate Finance and Securities partner Carlos Albarracín with special counsel Gonzalo Guitart, associates Agustin Videla and Pamela Molina and international attorney Manuel Etchevehere.
“We are pleased to have advised our clients on another successful YPF offering,” said Mr. Albarracín. “As Argentina’s largest company in terms of asset and market capitalization, this transaction will support YPF’s continued development of Argentina’s energy markets.”
