YPF Sociedad Anónima Announces Expiration and Final Results with respect to its
Tender Offer for Cash for Any and All of its 8.75% Senior Amortizing Notes due 2024
Buenos Aires, February 6, 2024 – YPF Sociedad
Anónima (“YPF”) today announced the expiration and final results as of 5:00 p.m. (New York City time) on February 5, 2024 (the “Expiration 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
YPF’s 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 Expiration Date. We were advised by the Tender Agent and Information Agent (as defined below), that as of the Expiration 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validly tendered and not validly withdrawn.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 |
|
Principal Amount Outstanding |
|
Aggregate Principal
Amount Tendered as
of Expiration
Date(1) |
|
Percentage of
Aggregate
Principal
Amount
Outstanding
Tendered(1) |
| 8.75% Senior Amortizing Notes due 2024 |
|
CUSIP:984245 AK6 P989MJ AY7
ISIN:US984245AK63 USP989MJAY76 |
|
U.S.$346,313,047.20 |
|
U.S.$138,071,200 |
|
39.87% |
| (1) |
Including the US$137,722,800 aggregate principal amount of Securities validly tendered (and not validly
withdrawn) at or prior to the Early Tender Date, and the US$348,400 aggregate principal amount of Securities validly tendered (and not validly withdrawn) after the Early Tender Date but at or prior to the Expiration Date. |
Pursuant to the Offer to Purchase, eligible Holders were required to validly tender and not validly withdraw their Securities prior to the Early Tender Date
to be eligible to receive the Early Tender Consideration. However, Holders were able to participate in the Tender Offer by validly tendering Securities after the Early Tender Date and at or prior to the Expiration Date. In such instances, the
Holders will have been eligible to receive only the Late Tender Consideration (which excludes the Early Tender Consideration). The Late Tender Consideration payable for each US$1,000 principal amount of Securities that were validly tendered (and not
validly withdrawn) after the Early Tender Date and at or prior the Expiration Date will be US$950. In addition to the Late Tender Consideration, Holders whose Securities were accepted for purchase pursuant to the Tender Offer will also receive
accrued and unpaid interest on their accepted Securities up to, but excluding, the Expiration Date, and any additional amounts thereon, if any. Securities that have been validly tendered after the Early Tender Date and on or prior to the Expiration
Date cannot be withdrawn, except as may be required by applicable law.
Securities that have been validly tendered (and not validly withdrawn) after the
Early Tender Date but at or prior to the Expiration Date and accepted for purchase by YPF pursuant to the Tender Offer are expected to be purchased by YPF on February 7, 2024 (the “Final Settlement Date”) and cancelled.
The complete terms and conditions of the Tender Offer are described in the Offer to Purchase, copies of which may be obtained from D.F. King & Co.,
Inc., the tender agent and information agent (the “Tender Agent and Information Agent”) for the Tender Offer by telephone at (800) 859-8509 (U.S. toll free) and (212) 269-5550 (banks and brokers), in writing at 48 Wall Street, 22nd Floor New York, New York 10005, or by email to ypf@dfking.com.