In its latest representation involving Argentine leading fuel exploration and production company, YPF Sociedad Anónima, law firm Milbank, Tweed, Hadley & McCloy LLP advised the initial purchasers in the offering of Argentine Peso denominated 4,602,120,000 (U.S. $300 million) senior notes due 2022. The transaction represented YPF S.A.’s first Argentine peso denominated bond offering under its US$10 billion medium term notes program.
The Milbank team was led by Capital Markets partner Carlos Albarracín along with associates Felipe Camara and Don Canavaggio, and international attorney Gonzalo Guitart.
Mr. Albarracín said: “Milbank is pleased to advise on another milestone offering involving YPF. Global investor response demonstrates not only widespread interest and confidence in Argentina but also in YPF’s ability to maintain financial strength, but also its ability to continue its leading market dominance in Argentina.”
Milbank has previously advised on a number of significant YPF debt transactions, including the company’s 2016 first ever Rule 144A floating-rate interest issuance based on the BADLAR rate in effect in Argentina.
State-owned YPF, Argentina’s largest oil company, is engaged in the exploration and production of hydrocarbons as well as the refining and distribution of chemical and petrochemical products.
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC.
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