February 19, 2015

Milbank Represents Underwriters in $500M Offering by Argentina’s YPF

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NEW YORK, February 9, 2015 – Milbank, Tweed, Hadley & McCloy LLP represented the underwriters Citigroup Global Markets, Itau BBA USA Securities, JPMorgan Securities LLC, Banco Itaú Argentina, Citicorp Capital Markets, and JPMorgan Chase Bank (Buenos Aires) in the $500 million offering of notes by YPF Sociedad Anonima, an Argentine fuel exploration company.

“This transaction was one of the very few oil and gas capital markets transactions executed in an extremely challenging environment for the oil and gas sector. This shows the confidence investors continue to have in YPF's ability to maintain its financial strength and have a successful business,” Mr. Albarracín said.

The Milbank team was led by Global Securities partner Carlos Albarracín; associates Felipe Cámara and Gladisley Sánchez; and international associates Natalia Franco and Guillermo Parra.