YPF Tender Offer for 2024 Notes Expires, Final Results Announced

TL;DR

**YPF successfully bought back its 2024 notes, reducing near-term debt.**

AI Summary

YPF Sociedad Anónima announced the successful expiration and final results of its cash tender offer for its 8.75% Class XXVIII notes due April 4, 2024. The company sought to repurchase all outstanding notes, totaling US$346,313,047.20, by the expiration date of February 5, 2024. This matters to investors because it indicates YPF is actively managing its debt obligations, potentially reducing future interest expenses and improving its financial health ahead of the notes' maturity.

Why It Matters

This filing shows YPF is proactively managing its debt, which can improve its balance sheet and reduce financial risk for shareholders.

Risk Assessment

Risk Level: low — The successful tender offer reduces YPF's short-term debt obligations, lowering financial risk.

Analyst Insight

A smart investor would view this as a positive sign of proactive debt management, potentially reducing financial risk and improving the company's balance sheet, making the stock more attractive.

Key Numbers

• $346,313,047.20 — Aggregate Principal Amount (The total value of 8.75% Class XXVIII notes due April 4, 2024, subject to the tender offer.)
• 8.75% — Interest Rate (The interest rate on the Class XXVIII notes that were subject to the tender offer.)

Key Players & Entities

• YPF Sociedad Anónima (company) — the registrant and issuer of the notes
• Margarita Chun (person) — Market Relations Manager for YPF S.A.
• US$346,313,047.20 (dollar_amount) — aggregate principal amount of 8.75% Class XXVIII notes
• February 5, 2024 (date) — Expiration Date of the Tender Offer
• April 4, 2024 (date) — maturity date of the 8.75% Class XXVIII notes

Forward-Looking Statements

• YPF's interest expenses will decrease in the near term. (YPF Sociedad Anónima) — high confidence, target: Q1 2024
• YPF's credit rating outlook may improve due to reduced short-term debt. (YPF Sociedad Anónima) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $346,313,047.20 — er for any and all of the outstanding US$346,313,047.20 aggregate principal amount (post-amorti
• $138,071,200 — USP989MJAY76 U.S.$346,313,047.20 U.S.$138,071,200 39.87% (1) Including the US$137,72
• $137,722,800 — 071,200 39.87% (1) Including the US$137,722,800 aggregate principal amount of Securitie
• $348,400 — ior to the Early Tender Date, and the US$348,400 aggregate principal amount of Securitie
• $1,000 — Tender Consideration payable for each US$1,000 principal amount of Securities that wer
• $950 — or prior the Expiration Date will be US$950. In addition to the Late Tender Conside

Filing Documents

• d93055d6k.htm (6-K) — 24KB
• g93055g0205224154686.jpg (GRAPHIC) — 2KB
• 0001193125-24-024843.txt ( ) — 28KB

From the Filing

6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number: 001-12102 YPF Sociedad Anónima (Exact name of registrant as specified in its charter) Macacha Güemes 515 C1106BKK Buenos Aires, Argentina (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F YPF Sociedad Anónima TABLE OF CONTENT ITEM 1 Translation of letter to the Argentine Securities Commission dated February 6, 2024. Buenos Aires, February 6, 2024 Gentlemen COMISIÓN NACIONAL DE VALORES (CNV) 25 de Mayo 175 MERCADO ABIERTO ELECTRÓNICO S.A. (MAE) Maipu 1210 BOLSAS Y MERCADOS ARGENTINOS S.A. (ByMA) Sarmiento 299 Present Ref : YPF S.A. - Offer to Purchase Our highest consideration: We are hereby writing to you in order to attach the press release relating to the expiration and final results for the cash tender offer for any and all of the outstanding US$346,313,047.20 aggregate principal amount (post-amortization) of the 8.75% Class XXVIII notes due April 4, 2024 (the Tender Offer and the 2024 Notes , respectively), as announced through a relevant fact published on January 5, 2024. Sincerely yours, Margarita Chun Market Relations Manager YPF S.A. YPF Sociedad Anónima Announces Expiration and Final Results with respect to its Tender Offer for Cash for Any and All of its 8.75% Senior Amortizing Notes due 2024 Buenos Aires, February 6, 2024 YPF Sociedad Anónima ( YPF ) today announced the expiration and final results as of 5:00 p.m. (New York City time) on February 5, 2024 (the Expiration Date ) of its previously announced cash tender offer (the Tender Offer ) for any and all of its outstanding US$346,313,047.20 aggregate principal amount of 8.75% Senior Amortizing Notes due 2024 (the Securities ) on the terms and subject to the conditions set forth in YPFs Offer to Purchase dated January 5, 2024 (the Offer to Purchase ). Capitalized terms used in this press release but not otherwise defined have the meanings given to them in the Offer to Purchase. The table below sets forth certain information relating to the Securities and the Tender Offer, including, among other things, the aggregate principal amount of Securities tendered on or prior to the Expiration Date. We were advised by the Tender Agent and Information Agent (as defined below), that as of the Expiration Date, the aggregate principal amounts of Securities specified in the table below were validly tendered and not validly withdrawn. Title of Security CUSIP and ISIN Numbers Principal Amount Outstanding Aggregate Principal Amount Tendered as of Expiration Date (1) Percentage of Aggregate Principal Amount Outstanding Tendered (1) 8.75% Senior Amortizing Notes due 2024 CUSIP:984245 AK6 P989MJ AY7 ISIN:US984245AK63 USP989MJAY76 U.S.$346,313,047.20 U.S.$138,071,200 39.87% (1) Including the US$137,722,800 aggregate principal amount of Securities validly tendered (and not validly withdrawn) at or prior to the Early Tender Date, and the US$348,400 aggregate principal amount of Securities validly tendered (and not validly withdrawn) after the Early Tender Date but at or prior to the Expiration Date. Pursuant to the Offer to Purchase, eligible Holders were required to validly tender and not validly withdraw their Securities prior to the Early Tender Date to be eligible to receive the Early Tender Consideration. However, Holders were able to participate in the Tender Offer by validly tendering Securities after the Early Tender Date and at or prior to the Expiration Date. In such instances, the Holders will have been eligible to receive only the Late Tender Consideration (which excludes the Early Tender Consideration). The Late Tender Consideration payable for each US$1,000 principal amount of Securities that were validly tendered (and not validly withdrawn) after the Early Tender Date and at or prior the Expiration Date will be US$950. In addition to the Late Tender Consideration, Holders whose Securities were accepted for purchase pursuant to the Tender Offer will also receive accrued and unpaid interest on their accepted Securities up to, but excluding, the Expiration Date, and any additional amounts thereon, if any. Securities that have been validly tendered after the Early Tender Date and on or prior to the Expiration Date cannot be withdrawn, except as may be required by applicable law. Securities that have been validly tendered (and not validly withdrawn) after the Early Tender Date but at or prior to the Expiration Date and accepted for purchase by YPF pursuant to the Tender Offer are expected to be purchased by YPF on February 7, 2024 (the Final Settlement

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