YPF Announces Tender Offer in 6-K Filing

TL;DR

YPF's out with a tender offer filing, watch this space.

AI Summary

YPF Sociedad Anónima filed a Form 6-K on January 2, 2025, reporting a tender offer. The filing includes a letter to the Argentine Securities Commission (CNV), Mercado Abierto Electrónico S.A. (MAE), and Bolsas y Mercados Argentinos S.A. (ByMA) regarding this tender offer.

Why It Matters

This filing signals a potential change in YPF's capital structure or ownership through a tender offer, which could impact its stock price and investor sentiment.

Risk Assessment

Risk Level: medium — Tender offers can indicate financial maneuvering or strategic shifts that carry inherent risks for investors.

Key Players & Entities

• YPF Sociedad Anónima (company) — Registrant
• COMISIÓN NACIONAL DE VALORES (company) — Argentine Securities Commission
• MERCADO ABIERTO ELECTRÓNICO S.A. (company) — Electronic Open Market
• BOLSAS Y MERCADOS ARGENTINOS S.A. (company) — Argentine Stock Exchange
• January 2, 2025 (date) — Filing date and letter date

FAQ

Key Financial Figures

• $756,966,002.00 — ently outstanding principal amount of US$756,966,002.00 (the Tender Offer). The Tender Offer
• $756,966,002 — 0 ISIN:US984245AL47 USP989MJBE04 U.S.$756,966,002 U.S.$1,019.50 (a) Per U.S.$1,000 p
• $1,019.50 — 7 USP989MJBE04 U.S.$756,966,002 U.S.$1,019.50 (a) Per U.S.$1,000 principal amount.
• $1,000 — ,966,002 U.S.$1,019.50 (a) Per U.S.$1,000 principal amount. The Tender Offer is

Filing Documents

• d911276d6k.htm (6-K) — 27KB
• g911276g0102221102348.jpg (GRAPHIC) — 2KB
• g911276g0102221102904.jpg (GRAPHIC) — 2KB
• 0001193125-25-000533.txt ( ) — 34KB

From the Filing

Form 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 January 2025 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-FForm 40-F YPF Sociedad Anónima TABLE OF CONTENT ITEM1 Translation of letter to the Argentine Securities Commission dated January 2, 2025. Buenos Aires, January 2, 2025 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. Tender Offer Our highest consideration: We are hereby writing to you in order to comply with the requirements of the Argentine Securities Commission and the corresponding rules of ByMA and MAE. YPF voluntarily offers to purchase for cash any and all of its outstanding class XXXIX notes due July 28, 2025 with an annual coupon of 8.500% with a currently outstanding principal amount of US$756,966,002.00 (the Tender Offer). The Tender Offer is subject to a number of terms and conditions that are described in detail in the Offer to Purchase published on the date hereof. In this regard, please find attached the press release relating to the Tender Offer announced by the Company. Sincerely yours, Margarita Chun Market Relations Manager YPF S.A. YPF Sociedad Anónima (a stock corporation ( sociedad anónima ) incorporated under the laws of Argentina) YPF Sociedad Anónima Announces Commencement of Tender Offer for Any and All of its Outstanding 8.500% Senior Notes due July 2025 Buenos Aires, January 2, 2025 YPF Sociedad Anónima ( YPF ) today announced that it has commenced a cash tender offer (the Tender Offer ) to purchase any and all of YPFs outstanding 8.500% Senior Notes due July 2025 (the Securities ). Title of Security CUSIP and ISIN Numbers Principal Amount Outstanding Total Consideration (a) 8.500% Senior Notes due July 2025 CUSIP:984245 AL4 P989MJ BE0 ISIN:US984245AL47 USP989MJBE04 U.S.$756,966,002 U.S.$1,019.50 (a) Per U.S.$1,000 principal amount. The Tender Offer is subject to the terms and conditions set forth in YPFs Offer to Purchase dated the date hereof (the Offer to Purchase ), including the concurrent or earlier consummation of a new notes offering that provides YPF with sufficient funds to meet the obligations of YPF in connection with the Tender Offer. When considering any potential allocation of new notes in the new notes offering, YPF intends, but is not obligated, to give some degree of preference to those investors who, prior to such allocation, have validly tendered, or have indicated to YPF or the Dealer Managers (as defined below) their firm intention to tender, Securities in the Tender Offer. The Offer to Purchase more fully sets forth the terms of the Tender Offer. The Tender Offer is scheduled to expire at 5:00 p.m., New York City time (7:00 p.m. Buenos Aires time), on Wednesday, January 15, 2025 unless extended or earlier terminated (such date and time, as it may be extended with respect to the Tender Offer, the Expiration Date ). Holders of Securities ( Holders ) may participate in the Tender Offer by validly tendering and not validly withdrawing their Securities by the Expiration Date or submitting a properly completed and duly executed notice of guaranteed delivery instruction (the Notice of Guaranteed Delivery ) at or prior to the Expiration Date. Securities validly tendered pursuant to the Tender Offer may be withdrawn prior to or at 5:00 p.m., New York City time (7:00 p.m. Buenos Aires time), on Wednesday, January 15, 2025, but not after, unless such deadline is extended by YPF. It is expected that the Settlement Date for the Tender Offer will be on or around Friday, January 17, 2025, the second business day after the Expiration Date, but which may change without notice (the Settlement Date ). Payment for the Securities that are validly tendered and accepted for purchase pursuant to the Tender Offer will be made either on the Settlement Date or on the date referred to as the Guaranteed Delivery Settlement Date, as applicable. The Guaranteed Delivery Settlement Date in respect of Securities with respect to which a properly completed and duly executed Notice of Guaranteed Delivery is delivered at or prior to the Expiration Date (to the extent that such Securities are not delivered prior to the Expiration Date) that are accepted by YPF for purchase in the Tender Offer is expected to be on or around Tuesday, January 21, 2025, the third bu

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View this 6-K filing on SEC EDGAR