(Pampa, 10.Sept.2024) — Pampa Energía S.A. announced the settlement of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of Pampa’s outstanding Series 1 7.500% Notes due 2027 (the “Notes”) issued by the company under the indenture dated as of 24 Jan. 2017 (the “Indenture”). The Tender Offer expired at 8:00 a.m., New York City time, on 5 Sept. 2024 (such date and time, the “Expiration Time”) and the preliminary results were announced later that day. The Tender Offer settled today, 10 Sept. 2024 (the “Settlement Date”).
The Tender Offer was made pursuant to the terms and conditions set forth in the offer to purchase dated 26 Aug. 2024 (the “Offer to Purchase”) and the accompanying notice of guaranteed delivery instruction (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Offer Documents”).
The following table sets forth the aggregate principal amount of Notes validly tendered in the Tender Offer (including pursuant to the Guaranteed Delivery Procedures (as defined in the Offer Documents), all of which Pampa accepted for purchase:
Pampa paid an aggregate amount of US$397,296,000 as tender consideration for the Notes accepted for purchase in the Tender Offer, including those validly tendered through Guaranteed Delivery Procedures. In addition to the tender consideration, the total amount of Accrued Interest paid by Pampa in respect of the Notes accepted for purchase was US$3,807,420.08.
Pampa engaged Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Santander US Capital Markets LLC to act as the Dealer Managers in connection with the Tender Offer and Banco Santander Argentina S.A. and Banco de Galicia y Buenos Aires S.A.U. to act as local information agents in Argentina. Morrow Sodali International LLC (trading as Sodali & Co) acted as Tender and Information Agent for the Tender Offer.
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