Bruchou & Funes de Rioja | View firm profile
Pluspetrol S.A. (the “Company“) carried out a local and international offering (the “Offering“) for an aggregate principal amount of US$450,000,000 in notes maturing in 2032 (the “Notes“).
The Notes will bear interest at a fixed nominal annual rate of 8.500%. Interest will be paid semiannually in arrears on May 30 and November 30 of each year, starting on November 30, 2025. The principal of the Notes will be fully amortized in a single installment, payable on the maturity date, May 30, 2032.
BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Santander US Capital Markets LLC acted as initial purchasers of the Offering outside Argentina, while Galicia Capital US, LLC acted as advisor to the Company. Balanz Capital Valores S.A.U., Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., and Cucchiara y Cía. S.A. acted as local placement agents for the Offering in Argentina. Citibank, N.A. acted as trustee, registrar, transfer agent, and paying agent under the indenture entered into with the Company, and La Sucursal de Citibank, N.A., establecida en la República Argentina acted as representative of the trustee in Argentina, registrar, transfer agent, and paying agent in Argentina.
The closing of the Offering took place on May 30, 2025.
Legal advisors to Pluspetrol S.A.
Cleary Gottlieb Steen & Hamilton LLP, New York, United States
Partners Juan Giráldez and Jonathan Mendes de Oliveira, associate Nicole Muller, and international associate Micaela Mingramm.
Bruchou & Funes de Rioja
Partners José Bazán and Leandro Belusci, and associates Branko Serventich and Sofía Maselli.
Legal advisors to the Initial Purchasers, Local Placement Agents, and the Company’s Advisor
Milbank LLP, New York, United States
Partner Marcelo Mottesi, special counsel Gonzalo Guitart, associate Pamela Molina, and international associate Manuel Etchevehere.
Martínez de Hoz & Rueda
Partners José Martínez de Hoz (grandson), Pablo Schreiber, and Jimena Vega Olmos, and associates Luisina Luchini and Marco Primo.