Salaverri Burgio & Wetzler Malbrán has assisted Pampa Energía, and Bruchou & Funes de Rioja as underwriters, in the placement and issuance in the local capital market of the class 18 Notes, at a fixed annual nominal rate of 5%.
The Notes were issued on 8 September 2023, under the Simple Negotiable Obligations Programme (Non Convertible into Shares) and/or Negotiable Obligations Convertible into Shares for up to V/N US$ 2,000,000,000,000 (or its equivalent in other currencies or units of value). They will be redeemed in a single instalment on the maturity date, which will be 8 September 2025, and were issued, subscribed, integrated and payable in cash in dollars, in Argentina, for a nominal value in dollars of US $72,084,065.
Furthermore, the Notes have been admitted for listing on the Argentine Stock Exchanges and Markets and authorised for trading on the Electronic Open Market and rated on 1 September 2023 locally by FIX SCR Risk Rating Agent as “AA+ (arg)” with a stable outlook.
Banco de Galicia y Buenos Aires acted as underwriter and settlement agent. Banco Santander Argentina, Banco BBVA Argentina, Industrial and Commercial Bank of China (Argentina), Nuevo Banco de Santa Fe, SBS Trading, Banco Mariva, Banco Hipotecario, BACS Banco de Crédito y Securitización, Cocos Capital, Allaria, Banco Comafi, Banco Patagonia, and AdCap Securities Argentina acted as underwriters.
Pampa Energía is an independent and integrated energy company in Argentina, with participation in the electricity and gas value chains.
María Agustina Montes, Maite Zornoza and Juan Manuel Recio acted as in-house lawyers, and Adolfo Zuberbuhler, Débora Tortosa Chavez and Julieta Castagna acted as in-house financial advisors to Pampa Energía.
Salaverri’s team included partner Roberto Lizondo (pictured left) and associates Natalia Ostropolsky, Camila Mindlin and Luciana Malito.
Bruchou’s team was led by partner José María Bazan (pictured right) and associates Leandro Exequiel Belusci, Manuel Etchevehere and Pedro María Azumendi.