We advised YPF S.A. on the obtaining of an international loan for US$300,000,000
Banco Santander, S.A., acting as lender, granted an international loan to YPF S.A. (“YPF”) in an aggregate principal amount of US$300,000,000 to partially finance the acquisition of 100% of the share capital of Vaca Muerta Inversiones S.A.U. (“VMI”), pursuant to a share purchase agreement with Total Austral S.A. The transaction closed on September 29, 2025 and, as a result, VMI now holds a 45% interest in the Joint Venture Agreement and Unión Transitoria agreement related to the La Escalonada and Rincón La Ceniza blocks in the Province of Neuquén.
The closing of the loan occurred on September 29, 2025.
Legal counsel to YPF
In-house Legal Team: Fernando Gomez Zanou and Marina Quinteiro.
Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel under New York law, with a team led by partner Juan Giraldez, together with associates Ignacio Lagos and Nicole Mueller.
Bruchou & Funes de Rioja‘s Banking & Capital Markets Department acted as legal counsel under Argentine law, with a team led by partners José María Bazán and Leandro Belusci, together with associates Branko Serventich and Teo Panich.
Legal advisors to Banco Santander, S.A.
In-house Legal Team: Ana Inés Artola Boogen, Lucía Vidaña, Ezequiel Guerrero, and Emilio Díaz Reynolds.
Milbank LLP acted as legal counsel under New York law, with a team led by partner Carlos Albarracín, together with counsel Gonzalo Guitart, associate Fernando Quezada, and international associate Hugo Bruzone.
Martínez de Hoz & Rueda acted as legal counsel under Argentine law, with a team led by partners José Martínez de Hoz (nieto) and Martín Lepiane.
