Martínez de Hoz & Rueda advises on Pan American Energy debt issuance
Argentinian law firm Martínez de Hoz & Rueda has assisted the banks managing Pan American Energy’s local division, PAE Sucursal’s $1.1 billion debt issuance.
The law firm advised Banco de Galicia y Buenos Aires, Banco Macro and HSBC Bank Argentina, as managers, and Banco de Galicia y Buenos Aires, Macro Securities and HSBC Bank Argentina, as placement agents of the debt issuance.
Th debt issuance is aimed at financing the energy company’s investment plan, drilling services and installations, oil and natural gas well production, completion and repair work at its Anticlinal Funes, Piedra Clavada and Koluel Kaike wells in Chubut Province, and the Cerro Dragón area in Santa Cruz Province, and at Aguada Pichana Este, Aguada Pichana Oeste, Aguada de Castro, Bandurria Centro, Lindero Atravesado, San Roque, Coirón Amargo Sur Este and Aguada Cánepa in Neuquén Province.
The debt will also finance the expansion, acquisition and construction of oil reifnery assets and the distribution network for refined products, as well as for the repayment of short-term debt.
Martínez de Hoz & Rueda’s team was led by partner José Martínez de Hoz (pictured) and associates Pablo Schreiber, Luisina Luchini and María del Mar Lapeña.
