YPF Sociedad Anónima Announces Commencement of Tender Offer for Cash for Any and All of
its 8.875% Senior Notes due 2018
Buenos Aires, September
10, 2018
YPF Sociedad Anónima
(
YPF
) today announced that it has commenced a cash tender offer (the
Tender Offer
) for any and all of its outstanding US$452,198,000 aggregate principal amount of 8.875% Senior Notes due 2018 (the
Notes
) (144A CUSIP / ISIN Nos. 984245 AJ9/US984245AJ90 and Reg S CUSIP / ISIN P989MJ AU5/USP989MJAU54).
The Tender Offer is scheduled
to expire at 5:00 p.m., New York City time, on September 17, 2018, unless extended or earlier terminated (such time, as may be extended, the
Expiration Time
). Holders who validly tender their Notes prior to the Expiration
Time will be eligible to receive US$1,005 for each US$1,000 principal amount of Notes, plus accrued interest.
Completion of the Tender Offer is subject
to certain market and other conditions. Settlement of the Tender Offer is expected to occur on the first business day following the Expiration Time, unless terminated.
Tendered Notes may be withdrawn at any time at or prior to the earlier of the Expiration Time and, in the event that the Tender Offer is extended, the tenth
business day after commencement of the Tender Offer. Tendered Notes may be withdrawn at any time after the 60th business day after commencement of the Tender Offer if for any reason the offer has not been consummated within 60 business days after
commencement.
Upon the terms and subject to the conditions of the Tender Offer set forth in the Offer to Purchase, dated as of September 10, 2018
(the
Offer to Purchase
), all Notes validly tendered and not validly withdrawn or with respect to which a properly completed and duly executed Notice of Guaranteed Delivery (as described in the Offer to Purchase) is delivered at or
prior to the Expiration Time, as applicable, will be accepted for purchase. The Company reserves the absolute right to amend, terminate or withdraw the Tender Offer in its sole discretion, subject to disclosure and other requirements as required by
applicable law. In the event of termination or withdrawal of the Tender Offer, Notes tendered and not accepted for purchase pursuant to the Tender Offer will be promptly returned to the tendering holders.
The complete terms and conditions of the Tender Offer are described in the Offer to Purchase, the related Letter of Transmittal and a Notice of Guaranteed
Delivery, copies of which may be obtained from D.F. King & Co., Inc., the tender agent and information agent (the
Tender Agent and Information Agent
) for the Tender Offer, at www.dfking.com/ypf, by telephone at (800)
628-8509
(U.S. toll free) and (212)
269-5550
(collect), in writing at 48 Wall Street, 22nd Floor New York, New York 10005, or by email to ypf@dfking.com.
YPF has engaged Itau BBA USA Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated to act as the dealer managers (the
Dealer Managers
) in connection with the Tender Offer. Questions regarding the terms of the Tender Offer may 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) and Merrill Lynch, Pierce, Fenner & Smith Incorporated by telephone at +1 (888)
292-0070
(U.S. toll free) or +1
(646)
855-8988
(collect).