(Editors at Energy Analytics Institute, 2.Jan.2025) — Argentina’s state-owned YPF Sociedad Anónima commenced a cash tender offer to purchase any and all of YPF’s outstanding 8.500% Senior Notes due Jul. 2025.
The tender is subject to the terms and conditions set forth in YPF’s “Offer to Purchase,” including the concurrent or earlier consummation of a new notes offering that provides YPF with sufficient funds to meet the obligations of YPF in connection with the tender.
YPF, in an official statement on 2 Jan. 2025, said the tender expires at 5pm, New York City time (7pm Buenos Aires time), on 15 Jan. 2025 unless extended or earlier terminated.
Securities validly tendered pursuant to the tender offer may be withdrawn prior to or at 5pm, New York City time (7pm Buenos Aires time) on 15 Jan. 2025, but not after, unless such deadline is extended by YPF, the energy giant said in the statement.
YPF expects the settlement date for the tender will be on or around 17 Jan. 2025, the second business day after the expiration date, but which may change without notice.
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By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights Reserved.
