(Pan American Energy, 23.Apr.2021) — Pan American Energy, S.L., Argentine Branch, a branch of Pan American Energy, S.L., a Spanish limited liability company, announced today that the previously announced tender offer for cash for any and all of its outstanding 7.875% Notes due 2021 (CUSIP: 69783TAA2 and 69783UAA9/ISIN US69783TAA25 and US69783UAA97) expired at 5:00 p.m., New York City time (6:00 p.m., Buenos Aires time), on 22 April 2021.
According to information provided by D.F. King & Co., Inc., the information and tender agent for the Offer, $90,874,035 aggregate principal amount, or 54.6%, of the total Notes outstanding was validly tendered prior to or at the expiration of the Offer and not validly withdrawn. This amount includes those Notes validly tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase, dated 12 April 2021 and the related Letter of Transmittal and Notice of Guaranteed Delivery (as these terms are defined in the Offer to Purchase and, collectively, the “Offer Documents”).
The Branch will accept for payment and settlement all of the Notes that were validly tendered at or prior to the Expiration Date or tendered by the guaranteed delivery procedures. Payment for tendered Notes is expected to be made on 27 April 2021, unless extended by the Branch in its sole discretion.
The Branch has engaged Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Itau BBA USA Securities Inc., J.P. Morgan Securities LLC, and Santander Investment Securities Inc. as the Dealer Managers for the Offer. Persons with questions regarding the Offer should contact Citigroup Global Markets Inc. at Attn: Liability Management Group, +1 (800) 558-3745 (toll-free), +1 (212) 723-6106 (collect) and/or to HSBC Securities (USA) Inc. at Attn: Global Liability Management Group, (888) HSBC-4LM (toll-free), (212) 525-5552 (collect) and/or Itau BBA USA Securities Inc. at Attn: Syndicate Desk, +1 (888) 770-4828 (toll-free), +1 (212) 710-6749 (collect) and/or J.P. Morgan Securities LLC at Attn: Latin America Debt Capital Markets U.S., +1 (866) 846-2874 (toll-free), +1 (212) 834-7279 (collect) and/or Santander Investment Securities Inc at Attn: Liability Management Team, +1 (855) 404-3636 (toll-free), +1 (212) 940-1442 (collect). The Branch has also engaged Banco Itaú Argentina S.A., Banco Santander Río S.A., HSBC Bank Argentina S.A., and Itaú Valores S.A., as Argentine Dealer Managers for the Offer in Argentina.
The complete terms and conditions of the Offer are described in the Offer Documents, copies of which are available at the following web address: www.dfking.com/pae, or may also be obtained from D.F. King, the information and tender agent for the Offer, by contacting D.F. King at 1-888-887-0082 (Toll-Fee) or 1-212-269-5550 (Collect), or email firstname.lastname@example.org.