We advised the placement agents on the issuance of US$220.215 million notes by Pampa Energía.
Pampa Energía S.A. (“Pampa Energía”), the leading, independent and integrated energy company in Argentina with participation in electricity, oil and gas value chains, successfully completed the placement and issuance in the local market of fixed nominal annual 6.50% interest rate Series 29 corporate notes, for a nominal value of US$220,215,000, due November 2, 2030, denominated, subscribed, integrated and payable in dollars in Argentina (the “Notes”). The Notes will amortize the principal in one single instalment on the due date.
Pampa Energía was advised by Salaverri, Burgio & Wetzler Malbrán; while (i) Banco de Galicia y Buenos Aires S.A. acting as placement and settlement agent; and (ii) Adcap Securities Argentina S.A., Allaria S.A., Balanz Capital Valores S.A.U., Banco BBVA Argentina S.A., Banco de la Provincia de Buenos Aires, Banco de la Provincia de Córdoba S.A., Banco Mariva S.A., Banco Patagonia S.A., Banco Santander Argentina S.A., Cocos Capital S.A., Facimex Valores S.A., Industrial Valores S.A., Invertironline S.A.U., One618 Financial Services S.A.U., Petrini Valores S.A., Puente Hnos. S.A., Latin Securities S.A.U. and SBS Trading S.A., acting as placement agents (the “Transaction Agents”), were advised by Bruchou & Funes de Rioja.
The Notes were issued on November 2, 2026, under Pampa Energía’s program for the issuance of simple non-convertible notes and/or notes convertible into shares for up to US$2,100,000,000 (or its equivalent in other currencies or units of value).
The Notes have been admitted for listing in Bolsas y Mercados Argentinos S.A. panel and authorized for its negotiation in A3 Mercados S.A. Additionally, they have been locally rated on October 26, 2026, by FIX SCR S.A. Agente de Calificación de Riesgo “AAA(arg)” with stable outlook (perspectiva estable).
Legal advisors to Pampa Energía
Salaverri, Burgio & Wetzler Malbrán: Partner Roberto Lizondo. Associates Natalia Ostropolsky, José María Martín, Valentina Buschiazzo Ripa and Fermín Doria Medina.
María Agustina Montes, Maite Zornoza, Camila Mindlin and Juan Manuel Recio as in-house counsel, and Adolfo Zuberbuhler together with Débora Tortosa Chavez, Julieta Castagna, Constanza Gulo and Tomás Boerr as in-house financial advisors.
Legal advisors to the Transaction Agents
Bruchou & Funes de Rioja: Partners José María Bazán and Leandro Exequiel Belusci. Associates Victoria Negro and Francisco Mendióroz.
