Vista Oil & Gas S.A.U.’s $100 Million Notes Offering


Bruchou, Fernández Madero & Lombardi and Beccar Varela advised on the transaction

On July 31st, 2019, Vista Oil & Gas S.A.U. executed the offering of Class I Notes for a nominal value of $50 million, and on August 7th, issued Class II Notes for the same nominal value of $50 million. Both offerings took place under the global program for short, medium and long-term notes, not convertible into shares, for a maximum circulation amount of up to US$800 million (or its equivalent in other currencies and/or value units).

The maturity date of Class I Notes will take place 24 months as from their issuance and settlement date, that is on 31 July 2021, accruing interest at an annual nominal fixed rate of 7.88%. The capital will be amortized in a single installment on the due date. On July 19th, FIX SCR S.A. (“Fix”) rated these notes A+ (arg).

The maturity date of Class II Notes will take place 36 months as from their issuance and settlement date, that is on 7 August 2022, accruing interest at an annual nominal fixed rate of 8.50%. The capital will be amortized in a single installment on the due date. On July 29th, Fix rated these notes A+ (arg).

The Notes have been listed on Bolsas y Mercados Argentinos S.A. and have been admitted to trading on Mercado Abierto Electrónico S.A.; they are eligible through Euroclear Bank S.A/N.V.

In these offerings, Allaria Ledesma & Cía S.A., Balanz Capital Valores S.A.U., Banco de Galicia y Buenos Aires S.A.U., Banco de Servicios y Transacciones S.A., Banco Itaú Argentina S.A., Banco Santander Río S.A., Banco Macro S.A., BBVA Banco Francés S.A., Itaú Valores S.A., Macro Securities S.A. and Puente Hnos. S.A. acted as placement agents.

Bruchou, Fernández Madero & Lombardi advised Vista Oil & Gas with José María Bazán, Andrés Chester and Emilio Díaz Reynolds.

Beccar Varela advised the the Placement Agents with a team led by Luciana Denegri (Picture), María Victoria Pavani and María Inés Cappelletti.

Involved fees earner: María Inés Cappelletti – Beccar Varela; Luciana Denegri – Beccar Varela; Maria Victoria Pavani – Beccar Varela; José María Bazán – Bruchou, Fernández Madero & Lombardi; Andrés Chester – Bruchou, Fernández Madero & Lombardi; Emilio Díaz Reynolds – Bruchou, Fernández Madero & Lombardi;

Law Firms: Beccar Varela; Bruchou, Fernández Madero & Lombardi;

Clients: Allaria Ledesma & Cia SA; Balanz Capital S.A. ; Banco de Galicia y Buenos Aires S.A.; Banco de Servicios y Transacciones S.A.; Banco Itaú Argentina S.A.; Banco Macro S.A.; Banco Santander Río S.A.; BBVA Banco Francés; Itaú Valores S.A.; Macro Securities S.A.; Puente Hermanos S.A.; Vista Oil & Gas, S.A.B. de C.V.;