YPF reaches restructuring deal

YPF reaches restructuring deal

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Funds Energy Gas

YPF, the biggest energy company in Argentina, said Wednesday that it received enough acceptance from bondholders to proceed with a restructuring of $2.1 billion in international bonds, freeing up cash for investments. YPF said it got nearly 60% participation for an offer to restructure an 8.5% note maturing on March 23, 2021 bond and 32% for all seven bonds in the proposal by an early acceptance date, according to comments from the company and a press release. YPF said that the results mean it w

Already have an account?

Free trial

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

Free Trial