We advised on Pampa Energía’s issuance of Notes for US$55,744,200 and Green Notes for $5,980,316,325
Pampa Energía S.A. (“Pampa Energía“) the leading, independent and integrated energy company in Argentina with participation in electricity and gas value chain, successfully completed the placement and issuance in the local market of: (i) 4.99% Series 16 corporate bonds, for US$ 55,744,200, due November 4, 2025, denominated, subscribed, integrated and payable in Dollars, in Argentina, (the “Notes Series 16“); and (ii) Series 17 corporate bonds, for a nominal value in Pesos of $5,980,316,325, due May 4, 2024, subscribed and integrated in Pesos and/ or in kind by delivering Series 8 notes, at a floating annual interest rate (the “Notes Series 17”, and together with the Notes Series 16, the “Notes”).
The issuance of the Notes Series 17 is aligned with the four main components of the ICMA’s (International Capital Market Association) Green Bond Principles following the “Guidelines for the Issuance of Social, Green and Sustainable Marketable Securities in Argentina” contained in Annex III of Chapter I of Title VI of the CNV Rules (N.T. year 2013 as modified).
Pampa Energía was advised by Salaverri, Burgio & Wetzler Malbrán; while Banco de Galicia y Buenos Aires S.A.U.; Banco Santander Argentina S.A.; Industrial and Commercial Bank of China (Argentina) S.A.U.; Balanz Capital Valores S.A.U.; SBS Trading S.A.; Banco Mariva S.A.; Cocos Capital S.A.; Invertir en Bolsa S.A.; Banco de Servicios y Transacciones S.A.; BACS Banco de Crédito y Securitización S.A.; Banco de la Provincia de Buenos Aires; Adcap Securities S.A.; Puente Hnos. S.A.; Banco Patagonia S.A.; and Banco Hipotecario S.A., acted as placement agents (the “Transaction Agents”), and were advised by Bruchou & Funes de Rioja.
The Notes were issued on May 4th, 2023, under the Non-Convertible Simple Notes and/or Negotiable Obligations Convertible into Shares Program for up to USD$ 2,000,000,000 (or its equivalent in other currencies or units of value) (the “Program“).
Legal advisors to the Transaction Agents: Bruchou & Funes de Rioja: Partner José María Bazán. Associates Leandro E. Belusci, Ramón Augusto Poliche, Sofia Maselli and Malena Tarrío.
Legal advisors to Pampa Energía S.A.: Salaverri, Burgio & Wetzler Malbrán: Partner Roberto Lizondo. Associates Natalia Ostropolsky, Delfina Meccia, Matías Solovitas and Santiago Linares Luque.
María Agustina Montes, Maite Zornoza and Juan Manuel Recio as in-house counsels, and Patricio Benegas, Débora Tortosa Chavez and Julieta Castagna as in-house financial advisors.