Cleary Gottlieb guides YPF through $700 million secured financing
Cleary Gottlieb has advised YPF, as borrower, in a $700 million secured term loan facility, enhancing the company’s financial flexibility.
BBVA, Bladex, Santander, and Itaú Unibanco acted as joint lead arrangers and bookrunners, while Citibank served as administrative and collateral agent. The transaction was executed and closed on October 23, 2025.
YPF, Argentine state-owned energy company, operates an integrated oil and gas business with a dominant presence across the entire value chain — from exploration and production to refining, marketing, and energy generation.
YPF intends to use the proceeds of the facility to finance future exports of commodities, merchandise, and products.
The Cleary team included partner Juan Giráldez (pictured left), associates Ignacio Lagos and Nicole Mueller, and international lawyer Matias Chaves. Partner Matthew Brigham (pictured right) and associate Jack Samuel advised on tax matters. Counsel Victor Chiu advised on security interests and UCC matters. Juan Giráldez is based in Sao Paulo, while all other lawyers are based in New York.
