September 17, 2018
YPF S.A. ANNOUNCES THE EXPIRATION OF ITS
ANY AND ALL TENDER OFFER
FOR ITS 8.875% SENIOR NOTES DUE 2018
FOR IMMEDIATE RELEASE
BUENOS AIRES, ARGENTINA
YPF S.A. (the
Company
) announced today the expiration of its previously announced tender offer (the
Tender Offer
) to purchase for cash any and all of its outstanding 8.875% Senior Notes due 2018 (the
Securities
).
Any and All of the Outstanding Securities Listed Below
|
|
|
|
|
|
|
|
|
Title of Security
|
|
CUSIP and ISIN Numbers
|
|
Principal Amount
Outstanding
|
|
Total
Consideration
(a)
|
|
Principal Amount
Tendered
|
8.875%
Senior Notes due 2018
|
|
CUSIP: 984245 AJ9
P989MJ AU5
ISIN: US984245AJ90
USP989MJAU54
|
|
U.S.$452,198,000
|
|
U.S.$1,005
|
|
U.S.$176,245,000
|
(a)
|
Per U.S.$1,000 principal amount.
|
Expiration of the Tender Offer
The Tender Offer was made
pursuant to the terms and conditions set forth in the offer to purchase, dated September 10, 2018, and the related letter of transmittal and notice of guaranteed delivery (the
Tender Offer Documents
) to purchase for cash any
and all of the Securities listed in the table above.
The Tender Offer expired at 5:00 p.m., New York City time, on September 17, 2018 (such time and
date, the
Expiration Date
). Holders of Notes were required to validly tender and not validly withdraw their Securities prior to or at the Expiration Date to be eligible to receive the total consideration for the Tender Offer (the
Total Consideration
). The Total Consideration offered per U.S.$1,000 principal amount of Securities validly tendered and accepted for purchase pursuant to the Tender Offer will be U.S.$1,005.
According to information provided by D.F. King & Co., Inc. (D.F. King), the tender and information agent for the Tender Offer,
U.S.$176,245,000 aggregate principal amount of the Securities were validly tendered and were not validly withdrawn prior to or at the Expiration Date. This amount excludes U.S.$155,000 aggregate principal amount of Securities tendered pursuant to
the guaranteed delivery procedures described in the Tender Offer Documents, which remain subject to the holders performance of the delivery requirements under such procedures. Subject to the satisfaction or waiver of all remaining conditions
to the Tender Offer, the Company expects to accept for purchase all Securities validly tendered and not validly withdrawn at or prior to the Expiration Date.
The settlement date for the Securities which were validly tendered and not validly withdrawn prior to or at the Expiration Date, is expected to be
September 18, 2018 (the
Settlement Date
) and the settlement date for Securities tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents is expected to be September 20, 2018,
subject to the terms and conditions described in the Tender Offer Documents. Holders will also receive accrued and unpaid interest on the Securities validly tendered and accepted for purchase from the applicable last interest payment date up to, but
not including, the Settlement Date, including those tendered by the guaranteed delivery procedures.
Information Relating to the Tender Offer
Itau BBA USA Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as the dealer managers for the Tender Offer. The
information agent and depositary is D.F. King. Copies of the Tender Offer Documents, and related offering materials are available by contacting D.F. King at (800)
628-8509
(toll-free), (212)
269-5550
(banks and brokers) or www.dfking.com/ypf. Questions regarding the Tender Offer should be directed to Itau BBA USA Securities Inc. by telephone at +1 (888)
770-4828
(U.S. toll free) or + 1 (212)
710-6749
(collect) or Merrill Lynch, Pierce, Fenner & Smith Incorporated by telephone at +1 (888)
292-0070
(U.S. toll free) or +1
(646)
855-8988
(collect).
This press release shall not constitute an offer to sell, a solicitation to buy or an
offer to purchase or sell any securities. The Tender Offer is being made only pursuant to an Offer to Purchase dated September 10, 2018, which set forth the terms and conditions of the Tender Offer, and only in such jurisdictions as is
permitted under applicable law.