We advised on a new Pampa Energía’s Notes issuance for $10,378,679,375
Pampa Energía S.A. (“Pampa Energía“) is 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 Series 15 corporate bonds, with a nominal value in Pesos of $10.378.679.375, subscribed and integrated in Pesos (the “Notes Series 15” or the “Notes“, indistinctly).
Pampa Energía was advised by Salaverri, Burgio & Wetzler Malbrán; while Banco Santander Argentina S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., Banco de Galicia y Buenos Aires S.A.U., Balanz Capital Valores S.A.U., SBS Trading S.A., Banco Mariva S.A., Banco Hipotecario S .A., BACS Banco de Crédito y Securitización S.A., Cocos Capital S.A., Invertir en Bolsa S.A., Banco Patagonia S.A., BNP Paribas Sucursal Buenos Aires, TPCG Valores S.A.U., Puente Hnos. S.A., Banco Supervielle S.A., Banco de Servicios y Transacciones S.A., Allaria Ledesma & Cía. S.A., Latin Securities S.A., Banco de la Provincia de Buenos Aires, Nuevo Banco de Santa Fe S.A., Banco Comafi S.A. y Adcap Securities Argentina S.A., acted as placement agents (the “Transaction Agents”), and them were advised by Bruchou & Funes de Rioja.
The Notes were issued on January 11th, 2023, under the Non-Convertible Simple Notes and/or Negotiable Obligations Convertible into Shares Program for up to USD$ 2,000,000,000 (or its equivalent in other currencies or units of value) (the “Program“). Notes Series 15, 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 July 11th 2024.
Legal advisors to Pampa Energía S.A.: Salaverri, Burgio & Wetzler Malbrán: Partner Roberto Lizondo. Associates Delfina Meccia, Matías Solovitas and Santiago Linares Luque.
María Agustina Montes, Maite Zornoza and Juan Manuel Recio 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 Josefina Mortola Saiach.
