Nachrichten July 25, 2019

YPF Luz’s First-Time $400 Million Senior Notes Offering

Shearman & Sterling represented Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Itau BBA USA Securities, Inc., as the initial purchasers, in connection with YPF Energía Eléctrica S.A.’s (“YPF Luz”) Rule 144A/Regulation S senior notes offering. This offering of $400 million 10.000% senior notes due 2026 marks YPF Luz’s inaugural international offering.

YPF Luz, a subsidiary of YPF S.A., Argentina’s largest energy company, is a leading Argentine power company primarily engaged in the development and generation of electrical power from both conventional (thermal) and renewable (wind, solar and biomass) sources.

The Shearman & Sterling team included visiting attorney Marcos Linares.

The Team