YPF Sociedad Anónima Launches Tender Offer for Securities

YPF Sociedad Anónima Launches Tender Offer

YPF Sociedad Anónima (NASDAQ: YPF) has officially announced its tender offer to purchase all outstanding 8.500% Senior Notes due July 2025. This strategic move aims to streamline its financial obligations and optimize its capital structure.

Details of the Tender Offer

The tender offer, known as the "Tender Offer," is designed to provide YPF with the necessary capital to address outstanding debts effectively. Holders of these senior notes are encouraged to participate by submitting their securities before the specified expiration date. This process not only enhances YPF's liquidity position but also demonstrates its commitment to maintaining financial stability.

Security Overview

The specific security under the tender offer is the 8.500% Senior Notes due July 2025. With a principal amount outstanding of approximately U.S.$756.97 million, YPF is offering a total consideration of U.S.$1,019.50 per every U.S.$1,000 principal amount of these securities. This per-unit amount reflects YPF's intention to provide a competitive buyback opportunity for its investors.

Terms and Conditions

The tender offer is subject to certain terms and conditions outlined in YPF's Offer to Purchase. This includes the successful completion of a concurrent offering of new notes to raise sufficient funds. YPF has positioned itself to possibly favor investors who have shown intent to submit their current securities in the tender offer.

Important Deadlines

Investors should note the scheduled expiration of the tender offer, which will occur at 5:00 p.m. New York City time, on the specified date. Participating holders may withdraw their securities before this cut-off time but not after, unless an extension is granted by YPF. This diligence ensures that all stakeholders are adequately informed and that processes are transparent.

Settlement Information

The anticipated settlement date for accepted tenders is expected to occur shortly after the expiration date. Holders can expect payment for their validly tendered securities either on the settlement date or on a date designated for guaranteed delivery. YPF emphasizes its commitment to ensuring expedient payments while also clarifying that it is not accountable for any potential delays due to financial processing systems.

Future Intentions

YPF has expressed its intention to redeem any outstanding senior notes that remain after the tender offer. However, this statement does not represent a binding commitment, and holders should refer to the Offer to Purchase for specific guidance on redemption notifications.

Upcoming Steps for Investors

The comprehensive details and conditions regarding this tender offer are fully detailed in the Offer to Purchase, which holds vital information that every interested investor should review. Stakeholders looking for clarification regarding the tender process can reach out to YPF's information and tender agent as well as contact dealer managers who are available for inquiries.

Frequently Asked Questions

What is the purpose of YPF's Tender Offer?

YPF's Tender Offer aims to repurchase outstanding senior notes to enhance financial flexibility and manage debt effectively.

How can I participate in the Tender Offer?

Holders can participate by tendering their securities before the expiration date as stated in the Offer to Purchase.

What is the total consideration per unit?

The total consideration is U.S.$1,019.50 per U.S.$1,000 principal amount of the tendered securities.

What are the key deadlines I need to be aware of?

Key deadlines include the expiration time and the expected settlement dates, which are outlined in the Offer to Purchase.

Will there be future redeeming of outstanding securities?

YPF intends to consider redeeming any remaining outstanding securities following the tender offer completion.

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