Pampa in $410 Million Offering and Concurrent Tender Offer

Cleary Gottlieb represented Pampa Energía S.A. (Pampa) in its offering of $410 million 7.95% notes due 2031 and concurrent offer to purchase for cash Pampa’s outstanding 7.5% notes due 2027.

The tender offer launched on August 26, 2024, expired on September 5, 2024, and is expected to settle on September 10, 2024.

The bond offer launched on August 27, 2024, priced on September 5, 2024, and is expected to settle on September 10, 2024. The offering was conducted as a private placement in the United States under Rule 144A and an offshore offering in reliance on Regulation S. 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.