We advised Pluspetrol on the international issuance of Notes for US$500,000,000
Pluspetrol S.A. (the “Company”) completed a local and international offering (the “Offering”) of notes due 2031 (the “Notes”) for an aggregate principal amount of US$500,000,000 (five hundred million U.S. dollars).
The Notes will bear interest at a fixed rate of 8.125% per annum. Interest will be payable semiannually in arrears on May 18 and November 18 of each year, commencing on May 18, 2026. The principal amount of the Notes will be repaid in full in a single installment on the maturity date, May 18, 2031.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Santander US Capital Markets LLC and Balanz Capital UK LLP acted as initial purchasers of the Offering outside Argentina. Balanz Capital Valores S.A.U. Banco de Galicia y Buenos Aires S.A., Banco Santander Argentina S.A., and Cucchiara y Cía. S.A. acted as local placement agents for the Offering in Argentina. Citibank, N.A. acted as trustee, registrar, transfer agent and paying agent under the indenture entered into with the Company, and the branch of Citibank, N.A. established in the Republic of Argentina acted as trustee’s representative in Argentina, registrar, transfer agent and paying agent in Argentina.
The Offering closed on November 18, 2025.
Legal Advisors to Pluspetrol S.A.
Cleary Gottlieb Steen & Hamilton LLP, New York, United States
Partner Juan Giráldez, associate Carla Martini and international associate Marina Rotman.
Bruchou & Funes de Rioja
Banking & Capital Markets‘ Partners José Bazán and Leandro Belusci, and associate María Victoria Llana.
Legal Advisors to the Initial Purchasers and the Local Placement Agents
Milbank LLP, New York, United States
Partner Marcelo Mottesi, special counsel Gonzalo Guitart, associate Alexia Raad and international associate María Rafaela Nunes.
Martínez de Hoz & Rueda
Partners José Martínez de Hoz (nieto) and Pablo Schreiber, and associate Catalina Vázquez.
