O’Farrell and Tanoira Cassagne Abogados participated in YPF Luz’s exchange offer of negotiable obligations in the local capital market.

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O’Farrell and Tanoira Cassagne Abogados participated in YPF Luz’s exchange offer of negotiable obligations in the local capital market.

PR Canje YPF Luz

O’Farrell advised YPF Energía Eléctrica S.A. and Tanoira Cassagne Abogados advised Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Banco Macro S.A., Banco Hipotecario S.A., BACS Banco de Crédito y Securitización S.A., Banco BBVA Argentina S.A., Banco Itaú Argentina S.A., Itaú Valores S.A., Macro Securities S.A., SBS Trading S.A., Allaria Ledesma & Cía. S.A. and Balanz Capital Valores S.A.U., as placement agents, in YPF Energía Electrica’s (i) exchange offer for any and all of the outstanding principal amount of 10.24% Series I Notes due 2021 issued under the global program of plain vanilla notes (not convertible into shares) for a nominal value of US$45.343.033 and (ii) public offering of US$14,656,967 Series VI Notes due 2023 at a fixed annual rate of 10.24%, issued under the Program on April 16, 2021.

YPF Energía Eléctrica S.A. through the exchange offer obtained an acceptance of 45.34% of the holders of Series I Notes, while the Series VI Notes were placed in the public offering, consequently, YPF Energía Eléctrica S.A. complied with the refinancing parameters set forth in Communication “A” 7230 of the Central Bank of the Argentine Republic.

YPF Energía Eléctrica S.A. is an electrical power generation and trading company, subsidiary of YPF S.A. (75.01% share capital) and GE EFS Power Investments B.V. (24.99% share capital).

The Notes are listed on the Mercado Abierto Electrónico S.A. (MAE).

Legal counsel to YPF Energía Eléctrica S.A.

Estudio O’Farrell 

Partners Uriel F. O’Farrell and Sebastián Luegmayer and associate Alejo Muñoz de Toro.

In-house legal counsel to YPF Energía Eléctrica S.A.

Mariela Aguilar and Catalina Beccar Varela.

Legal counsel to the Placement Agents 

Tanoira Cassagne Abogados

Partners Alexia Rosenthal, Jaime Uranga and Rocío Carrica and associates Ignacio Criado Díaz, and Mariana Troncoso.

In-house legal counsel to the Placement Agents

Banco de Galicia y Buenos Aires S.A.U.: Enrique Cullen, Fernan Pereyra de Olazabal and Patricia Araujo.

Banco Santander Río S.A.: Ignacio Garcia Deibe, Eduardo Ramos and Clarisa Prado.

Banco Macro S.A. and Macro Securities S.A.: Rodrigo Covello and Valeria Lopez Marti.

Banco Hipotecario S.A.: Guillermo Miedan and Mariana Cegna.

BACS Banco de Crédito y Securitización S.A.: Solange Spinelli and Agustina Houlin.

Banco BBVA Argentina S.A.: María Gabriela Mancuso and María Dolores Distefano.

Banco Itaú Argentina S.A.: Leonardo Andres Micucci and Luisina Rossi.

Itaú Valores S.A.: Leonardo Andres Micucci and Luisina Rossi.

SBS Trading S.A.: Catalina Menéndez

Allaria Ledesma & Cía. S.A.: Gonzalo Sánchez López.

Balanz Capital Valores S.A.U.: Ana Paula Dandlen, Santiago Giambruni and Luciano Taraciuk.