Vista plans to spend cash to lower debt

Vista plans to spend cash to lower debt

Corporate & Sovereign Strategy Debt Bonds Argentina Oil Gas

Vista Oil & Gas, the third-biggest oil producer in Argentina, plans to use some of its free cash flow to reduce liabilities, a move that comes after raising funds in the local market earlier this year to stretch out its debt maturities and pre-finance debt payments next year, CEO and chairman Miguel Galuccio said Wednesday. "We plan to use the cash flow that we have to deleverage the company," he said in a conference call about the company's third-quarter results. "I think it is a good polic

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial