Pampa Energía: Results of the tender offer for Series 1 Notes and the international placement of Series 21 Notes
PRESS RELEASE from Pampa Energía
6 de septiembre de 2024
Buenos Aires, September 6, 2024. Pampa Energía S.A. ('Pampa' or the 'Company'; NYSE: PAM; ByMA: PAMP) announces that yesterday completed the repurchase at par of Series 1 Notes due in 2027, issued on January 24, 2017, with a face value of US$750 million and a fixed rate of 7.5%. The repurchase, announced on August 26, 2024, covered approximately 53% of the total, amounting to US$397 million. For further information, click here.
The funds for this repurchase were sourced from the successful placement of Series 21 Notes, with a face value of US$410 million, an annual fixed interest rate of 7.95%, and a yield of 8.25%, maturing on September 10, 2031. This international issuance received offers exceeding US$1.6 billion from leading institutional investors.
Gustavo Mariani, CEO of Pampa, stated: 'This placement is a source of pride for our team, which, through tremendous effort, secured the lowest rate for an Argentine issuer since 2018. It reaffirms Pampa's financial strength and the confidence investors have in our Company'.
This transaction enhances Pampa's debt profile ahead of significant upcoming investments in Vaca Muerta, particularly in developing the shale oil block, Rincón de Aranda.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Oil & Gas (Argentina)
Gas roundup: Argentine imports from Chile, offshore Tierra del Fuego drilling
A roundup of natural gas news from the Southern Cone.
Hinicio and New Energy present the results of the 2024 H2LAC Index: Chile, Brazil, and Colombia lead the market
In recent years, many Latin American and Caribbean (LAC) countries have taken decisive steps to develop a hydrogen market.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas (Argentina)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Paso Fuhr area
- Current stage:
- Updated:
3 weeks ago
- Project: Block Estación Fernández Oro
- Current stage:
- Updated:
1 week ago
- Project: Medanito Sur field
- Current stage:
- Updated:
3 weeks ago
- Project: Bahía Blanca Liquefaction Plant (YPF)
- Current stage:
- Updated:
4 weeks ago
- Project: Block CAN-100 (Argerich project)
- Current stage:
- Updated:
4 weeks ago
- Project: Argentina (Vaca Muerta) - Paraguay - Brazil gas pipeline
- Current stage:
- Updated:
1 month ago
- Project: Vaca Muerta west crude oil pipeline
- Current stage:
- Updated:
1 month ago
- Project: Block Atuel Norte
- Current stage:
- Updated:
1 month ago
- Project: San Martín Gas Pipeline Expansion
- Current stage:
- Updated:
1 month ago
- Project: Block El Porvenir
- Current stage:
- Updated:
2 months ago
Other companies in: Oil & Gas (Argentina)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Ciar S.A. (Ciar)
- Company: Flargent S.A. (Flargent)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Secin S.A. (Secin)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Tecnología ARMK S.A. (Tecnología ARMK)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Transeparation S.A (Transeparation)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: TechnipFMC Argentina
- Company: Multipol Servicios Industriales
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
