Linklaters represents dealer managers on Pan American Energy’s exchange offer

Linklaters advised Itau BBA USA Securities, Inc. and Santander, S.A., as dealer managers, in connection with Pan American Energy, S.L., Argentine Branch’s offer to exchange any and all of its 5.000% Senior Notes due 2023 (“Existing Notes”) for newly-issued 7.250% Senior Notes due 2025 (“New Notes”). An aggregate principal amount of US$105 million, representing 87.63% of the aggregate principal amount of Existing Notes, were tendered in the exchange offer and an equal amount of New Notes were issued.

The Linklaters deal team was led by partner Conrado Tenaglia and counsel Alejandro Gordano, alongside associate Juan Mata and foreign attorney Manuel Eyzaguirre.

Additional assistance was provided by partner Iñigo Berricano alongside associates Alberto Garcia Linera and Daniel Pardeza in connection with the unconditional guarantee in the form of a debt recognition obligation provided by Pan American Energy, S.L., a Spanish limited liability company.