Moody’s assigns Pan American Energy notes B2

Moody’s Investors Service said it assigned a rating of B2 to the proposed backed senior unsecured notes for up to $120 million due 2023 to be sold by Pan American Energy, SL, Argentine Branch a wholly owned subsidiary of Pan American Energy SL.

The notes are guaranteed by PAE and rank pari passu with the Argentine branch’s and the company’s other unsubordinated debt obligations.

Proceeds will be used for liability management, capital spending and working capital requirements.

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