We advised on Pampa Energia’s bond issuance.

New Deal - July 28, 2022

Salaverri, Burgio & Wetzler Malbrán and Bruchou & Funes de Rioja advised on Pampa Energia’s bond issuance.

Pampa Energía S.A. (“Pampa Energía”), an independent company with active participation in Argentina’s electricity and gas value chain, successfully completed the placement and issuance in the local market of class 11 corporate bonds with a nominal value in pesos of $ 12,690,670,000, subscribed and integrated in Pesos (the “Notes Series 11” or the “Notes”, indistinctly).

Pampa Energía was advised by Salaverri, Burgio & Wetzler Malbrán; while Banco Santander Argentina S.A.; Industrial and Commercial Bank of China (Argentina) S.A.U.; HSBC Bank Argentina S.A.;  Banco de Galicia y Buenos Aires S.A.U.; Balanz Capital Valores S.A.U.; SBS Trading S.A.; Banco Mariva S.A.; Banco Hipotecario S.A.; BACS Banco de Crédito y Securitización S.A.; Cocos Capital S.A.; Banco de Servicios y Transacciones S.A.; Banco Comafi S.A.; Banco BBVA Argentina S.A.; Invertir en Bolsa S.A.; Banco Patagonia S.A.; Industrial Valores S.A.; BNP Paribas Sucursal Buenos Aires; Banco de la Provincia de Buenos Aires; TPCG Valores S.A.U; Puente Hnos. S.A.; Allaria Ledesma & Cía S.A.; ARP Partners S.A.; Macro Securities S.A.; Banco Itaú Argentina S.A. and Itaú Valores S.A, acted as placement agents (the “Transaction Agents”), and them were advised by Bruchou & Funes de Rioja.

The Notes were issued on July 15th, 2022, under the Non-Convertible Simple Notes and/or Negotiable Obligations Convertible into Shares Program for up to USD$ 2,000,000,000 (or its equivalent in other currencies or units of value) (the “Program”). Notes Series 11, denominated and payable in Pesos, bear a variable interest rate resulting from the addition of the Applicable Margin to the Reference Rate. The Notes will mature on January 15th 2024.

Pampa Energía is currently the largest independent energy integrated company in Argentina, with active participation in the country’s electricity and gas value chain.

Legal advisors to Pampa Energía S.A.: Salaverri, Burgio & Wetzler Malbrán: Partner Roberto Lizondo. Associates Lucía de Miceu and Sofía Seoane.

María Agustina Montes, Juan Manuel Recio and Maite Zornoza as in-house counsels, and Patricio Benegas, Debora Tortosa Chavez and Julieta Castagna as in-house financial advisors.

Legal advisors to the Transaction Agents: Bruchou & Funes de Rioja: Partner José María Bazán. Associates Leandro Exequiel Belusci and Manuel Rodriguez Costi.