Corporate ActionSep 10, 2026, 06:08 AM
YPF S.A. Doubles Tender Offer Maximum Purchase Price to $1B
AI Summary
YPF S.A. announced an increase in the maximum purchase price for its previously announced cash tender offers. The aggregate maximum purchase price has been raised from U.S.$500,000,000 to U.S.$1,000,000,000. All other terms and conditions of the tender offers remain unchanged. The offers are for specific series of notes, with the 6.950% Senior Notes due 2027 having priority level 1 and the 2.500%/9.000% Step Up Amortizing Notes due 2029 having priority level 2. The tender offers are subject to the terms outlined in the Offer to Purchase dated September 7, 2026, and are scheduled to expire on September 16, 2026.
Key Highlights
- YPF S.A. increases aggregate maximum purchase price for its cash tender offers from U.S.$500,000,000 to U.S.$1,000,000,000.
- The tender offers are for outstanding 6.950% Senior Notes due 2027 and 2.500%/9.000% Step Up Amortizing Notes due 2029.
- The 6.950% Senior Notes due 2027 have a principal amount outstanding of U.S.$643,428,000 and are in Acceptance Priority Level 1.
- The 2.500%/9.000% Step Up Amortizing Notes due 2029 have a principal amount outstanding of U.S.$640,999,934 and are in Acceptance Priority Level 2.
- The tender offers are subject to terms and conditions in the Offer to Purchase dated September 7, 2026, including a new notes offering.
- The tender offers are scheduled to expire on September 16, 2026, with settlement expected around September 18, 2026.
Price Impact
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