We advised Vista Energy Argentina S.A.U. in the international issuance of Notes for US$ 500,000,000
On June 10, 2025, Vista Energy Argentina S.A.U. (“Vista”) successfully issued its Class XXIX simple non-convertible notes, denominated, subscribed, and payable in U.S. dollars abroad. The Class XXIX Notes were issued for a nominal value of US$500,000,000 (five hundred million U.S. dollars) under the global program for the issuance of short-, medium-, or long-term simple non-convertible notes for a maximum aggregate amount of up to US$3,000,000,000 (three billion U.S. dollars) (or its equivalent in other currencies or value or measurement units).
The Class XXIX Notes, maturing on June 10, 2033 (the “Maturity Date”), will accrue interest at an annual fixed nominal rate of 8.500%. Interest payments will be made semiannually, beginning on December 10, 2025, through the Maturity Date.
The principal of the Class XXIX Notes will be amortized in three (3) annual and consecutive installments: (i) the first on June 10, 2031, representing 33% of the principal; (ii) the second on June 10, 2032, representing 33% of the principal; and (iii) the third on June 10, 2033, representing 34% of the principal.
The transaction was carried out in accordance with Rule 144A and Regulation S under the U.S. Securities Act.
The Class XXIX Notes have been admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading on the A3 Mercados S.A.
Santander US Capital Markets LLC, Citigroup Global Markets Inc., and Itau BBA USA Securities Inc. acted as international initial purchasers (the “Initial Purchasers”), while Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., Macro Securities S.A.U. and Balanz Capital Valores S.A.U. acted as local placement agents for the Class XXIX Notes (the “Local Placement Agents”). The Bank of New York Mellon acted as Trustee, Registrar, Paying Agent, and Transfer Agent under the Indenture entered into with Vista and Banco Santander Argentina S.A., the latter acting as the Trustee’s Representative in Argentina, Registrar and Transfer Agent in Argentina, and Paying Agent in Argentina.
Legal Advisors to Vista
Bruchou & Funes de Rioja‘s Banking & Capital Markets: acted as Vista’s local advisor, with the team led by partner José M. Bazán and associates Ramón Augusto Poliche, Sofia Maselli, and Branko Serventich.
Cleary Gottlieb Steen & Hamilton LLP: served as Vista’s legal advisor in New York, with the team led by partners Manuel Silva, and associates Rodrigo Lopez Lapeña and Lucas Davidenco, and international lawyer Lara Gómez Tomei.
Legal Advisors to the Dealer Managers and the Local Placement Agents
Salaverri, Burgio & Wetzler Malbrán: acted as local counsel to the Initial Purchasers and Local Placement Agents, with the team led by partners Roberto Lizondo and Josefina Ryberg, and associates Santiago Linares Luque and Camila Castro Pallotti.
Linklaters LLP: served as legal counsel to the International Placement Agents in New York, with the team led by partners Matthew Poulter and Emilio Minvielle, and associates Thomas Lemouche and Madeleine Blehaut.
