On February 28, 2025, Petróleos Sudamericanos S.A. (the “Company”) issued its class II notes, simple, non-convertible into shares, unsecured, denominated, subscribed, and payable in U.S. dollars in Argentina (Dólar MEP), for a total nominal value of US$9,158,045 (the “Notes”). The Notes accrue interest at a fixed nominal annual rate of 8.75%, payable semiannually. The total principal amount of the Notes will be repaid upon maturity on August 28, 2027.
The Notes were rated “A-.ar” by Moody’s Local AR Agente de Calificación de Riesgo S.A. on February 21, 2025. Additionally, they were authorized for listing on Bolsas y Mercados Argentinos S.A. and for trading on A3 Mercados (formerly Mercado Abierto Electrónico S.A.).
The issuance was carried out under the Company's Global Program for the Issuance of Simple, Non-Convertible Notes, with a maximum outstanding nominal value of up to US$35,000,000 (or its equivalent in other currencies, units of measurement, and/or units of value).
Banco Santander Argentina S.A. acted as organizer and placement agent, while Banco de Galicia y Buenos Aires S.A.U., Banco Comafi S.A., Banco Supervielle S.A., Banco Patagonia S.A., Banco CMF S.A., Provincia Bursátil S.A., Balanz Capital Valores S.A.U., Puente Hnos. S.A., SBS Trading S.A., Adcap Securities S.A., and GMC Valores S.A. acted as placement agents (the “Placement Agents”).
Advisors to the Placement Agents:
Pérez Alati, Grondona, Benites & Arntsen’s team led by Diego Serrano Redonnet, with the participation of Alejo Muñoz de Toro, Juan Ignacio Rodriguez Goñi, Tamara Friedenberger and Catalina Hermida Pini.
