Argentina’s YPF (NYSE: YPF) said it has launched YPF debt tender offers to repurchase up to $500 million, excluding accrued interest, of specified outstanding notes.
According to the company’s announcement, the offers cover its 6.950% senior notes due in 2027 and 2.500%/9.000% step-up amortizing notes due in 2029. Purchases will be subject to acceptance priorities and potential proration.
YPF Debt Tender Offers Depend on New Notes Financing
The company said completion is conditional on a concurrent or earlier new notes offering producing sufficient funds for its obligations under the repurchase process. YPF said it may give some preference in allocations of the new securities to investors that tender, or indicate a firm intention to tender, existing notes, though it is not required to do so.
The offers are scheduled to expire at 5 p.m. New York time on Sept. 16, 2026, unless extended or terminated earlier. Investors may withdraw tendered securities until that same deadline, YPF said.
Settlement is expected around Sept. 18, 2026, subject to change. YPF said accepted holders would receive the applicable consideration plus accrued and unpaid interest up to, but excluding, the settlement date. The company retains the right to amend, extend, terminate or withdraw the offers, subject to applicable disclosure requirements.
