YPF Sociedad Anónima Announces Early Tender Results with respect to its Tender
Offer for Cash for Any and All of its 8.75% Senior Amortizing Notes due 2024
Buenos Aires, January 22, 2024 YPF Sociedad Anónima
(YPF) today announced the early tender results as of 5:00 p.m. (New York City time) on January 19, 2024 (the Early Tender Date) of its previously announced cash tender offer (the Tender
Offer) for any and all of its outstanding US$346,313,047.20 aggregate principal amount of 8.75% Senior Amortizing Notes due 2024 (the Securities) on the terms and subject to the conditions set forth in YPFs Offer
to Purchase dated January 5, 2024 (the Offer to Purchase). Capitalized terms used in this press release but not otherwise defined have the meanings given to them in the Offer to Purchase.
The table below sets forth certain information relating to the Securities and the Tender Offer, including, among other things, the aggregate principal amount
of Securities tendered on or prior to the Early Tender Date and the Early Tender Consideration (as defined below). We were advised by the Tender Agent and Information Agent (as defined below), that as of the Early Tender Date, the aggregate
principal amounts of Securities specified in the table below were validly tendered and not validly withdrawn.
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Title of Security |
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CUSIP and ISIN Numbers |
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Principal Amount Outstanding |
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Aggregate Principal Amount Tendered as of Early Tender Date |
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Early Tender Consideration |
8.75% Senior Amortizing Notes due 2024 |
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CUSIP: 984245 AK6 P989MJ
AY7 ISIN: US984245AK63 USP989MJAY76 |
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U.S.$ |
346,313,047.20 |
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U.S.$ |
137,722,800 |
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U.S.$1,000.00 per U.S.$1,000.00 of principal amount of Securities(1) |
(1) |
The amount to be paid for tendered Securities will be US$1,000.00 per US$1,000.00 of the original principal
amount of such Securities multiplied by an amortization factor of 0.40. |
Holders who validly tendered (and not validly withdrawn) their
Securities on or prior to the Early Tender Date and whose Securities are accepted for purchase pursuant to the Tender Offer are eligible to receive US$1,000 per US$1,000 principal amount of Securities (the Early Tender
Consideration), and accrued and unpaid interest on their accepted Securities up to, but excluding, the Early Settlement Date, and any additional amounts thereon, if any.
Withdrawal rights for the Tender Offer expired at 5:00 p.m., New York City time (7:00 p.m. Buenos Aires time), on Friday, January 19, 2024. Securities
that have been validly tendered on or prior to the Early Tender Date cannot be withdrawn, except as may be required by applicable law. The Tender Offer is scheduled to expire at 5:00 p.m., New York City time (7:00 p.m. Buenos Aires time), on
Monday, February 5, 2024 unless extended or earlier terminated (such date and time, as it may be extended with respect to the Tender Offer, the Expiration Date).
Securities that have been validly tendered (and not validly withdrawn) at or prior to the Early Tender Date and accepted for purchase by YPF pursuant to the
Tender Offer are expected to be purchased by YPF on January 23, 2024 (the Early Settlement Date) and cancelled.
YPF reserves the
absolute right to amend, terminate or withdraw the Tender Offer in its sole discretion, subject to disclosure and as otherwise required by applicable law. In the event of termination or withdrawal of the Tender Offer, Securities tendered and not
accepted for purchase pursuant to the Tender Offer will be promptly returned to the tendering holders.