We advised on a new successful Vista Energy Argentina’s swap and notes issuance for US$40,510,815

New Deal - November 24, 2022

On November 10th, Vista Energy Argentina S.A.U. (“Vista”) successfully closed the swap of Series III Notes (issued on February 21st, 2020), through the issuance of Series XIV Notes – simple, non-convertible into shares, denominated and payable in U.S. Dollars-, for a total nominal amount of US$40,510,815. The issuance was carried out under the company’s Global Program of up to US$800,000,000.

Series XIV Notes, maturing on November 10th, 2025, will accrue interest at a nominal annual fixed rate, equivalent to 6,25%, and will amortize its principal in one payment on the maturing date. The Notes were entirely subscribed through the delivery in exchange of 81,02% of the outstanding Series III Notes.

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In addition, Series XIV Notes were admitted for listing on Bolsas y Mercados Argentinos S.A., and authorized for trading at Mercado Abierto Electrónico S.A. On November 1st, Moody’s Local AR Agente de Calificación de Riesgo S.A. locally rated the Notes “AA+.ar” with a stable outlook (perspectiva estable) and, at the same time, they were locally equally rated by FIX SCR S.A.

In this notes issuance, Balanz Capital Valores S.A.U., Banco BBVA Argentina S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Itaú Argentina S.A., Itaú Valores S.A., Banco Macro S.A. and Macro Securities S.A.U. acted as placement agents (the “Placement Agents”).

Counsel to Vista 

Bruchou & Funes de Rioja: team led by José María Bazán, assisted by Ramón Augusto Poliche, Josefina Mortola Saiach, and Branko Serventich.

In-house counsels: Florencia Hardoy y Rosario Maffrand.

Counsel to Placement Agents

Beccar Varela: team led by Luciana Denegri, assisted by María Victoria Pavani, Julián Ojeda, María Belén Tschudy, and Tomás Cappellini.