Pan American Energy, S.L.’s $100 Million Notes Offering


Martínez de Hoz & Rueda advised on the transaction

Pan American Energy, S.L. executed its offering of $20.298 million notes due 2022; $57.5 Million notes due 2021 and AR$3 billion notes due 2021.

Banco de Galicia y Buenos Aires, Banco Itaú Argentina, Banco Macro, Banco Santander Río and HSBC Bank Argentina acted as lead manager; Banco de Galicia y Buenos Aires, Banco Itaú Argentina, HSBC Bank Argentina, Itaú Valores, Macro Securities and Santander Argentina acted as placing agents on the offering

Argentine firm Pan American Energy LLC (PAE) is an oil and gas exploration and production company, which holds hydrocarbon reserves in Argentina, Bolivia and Chile. The company operates four active hydrocarbon basins in Argentina: San Jorge gulf, which leads the total oil production; Neuquina; Noroeste and Austral.

Martínez de Hoz & Rueda advised Banco de Galicia, Banco Itaú, Itaú Securities, Banco Macro, Macro Securities, Banco Santander Río and HSBC Bank Argentina with a team including José Martínez de Hoz (nieto) (Picture), Pablo Schreiber and Luisina Luchini.

Involved fees earner: Luisina Luchini – Martínez de Hoz & Rueda; José Martínez de Hoz (n) – Martínez de Hoz & Rueda; Pablo Schreiber – Martínez de Hoz & Rueda;

Law Firms: Martínez de Hoz & Rueda;

Clients: Banco de Galicia y Buenos Aires S.A.; Banco Itaú; Banco Macro S.A.; Banco Santander Río S.A.; HSBC Bank Argentina S.A.; Macro Securities S.A.;

Author: Ambrogio Visconti.