Pampa in $360 Million Offering

Cleary Gottlieb represented Pampa Energía S.A. (Pampa) in its offering of $360 million 7.875% notes due 2034.

The offer launched on December 5, 2024, priced on December 9, 2024, and is expected to settle on December 16, 2024. The offering was conducted in reliance on Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended. The notes are expected to list on the Bolsa y Mercados Argentina S.A. (BYMA) for trading on the BYMA and on the Mercado Abierto Electrónico S.A.

Pampa is a leading independent energy integrated company in Argentina, participating in the electricity and the gas value chains, engaged in the generation and transmission of electricity, oil and gas exploration and production, petrochemicals, hydrocarbon commercialization, and transportation, and oil refining and distribution.