Linklaters represents banks on reopening of international debt markets for Argentine issuer

Linklaters advised Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC. and Santander Investments Securities Inc. on Pan American Energy, S.L., Argentine Branch’s offering of U.S.$300 million 9.125% Senior Notes due 2027, as well as on an abbreviated cash tender offer for any and all of its outstanding 7.875% Senior Notes due 2021.

The notes are secured by a first priority perfected security interest in a debt service reserve account in New York. The proceeds will be used by Pan American Energy, S.L., Argentine Branch to invest in tangible assets and capital goods.

The Linklaters deal team was led by partner Conrado Tenaglia and counsel Alejandro Gordano alongside associate Erika Cabo, and foreign attorneys Mónica Pérez-Banuet and Juan Mata.

Additional assistance was provided by counsel Matthew Brigham (Tax).