Chicago, May 19 – Pan American Energy SL, Argentine Branch sold $300 million of senior secured notes with a 9 1/8% coupon due 2027 (//BB-), according to a news release.
The Rule 144A and Regulation S offer will be used to finance development projects in the areas of Cerro Dragon Lindero Atravesado, Aguada de Castro and Aguada Pichana Oeste in Argentina.
The company also conducted a cash tender offer for it 7 7/8% senior notes due 2021.
Pan American Energy is an oil and gas exploration and production company based in Buenos Aires.
| Issuer: | Pan American Energy SL, Argentine Branch
|
| Issue: | Notes
|
| Amount: | $300 million
|
| Maturity: | 2027
|
| Counsel to issuer: | Simpson Thacher
|
| Coupon: | 9 1/8%
|
| Announcement date: | April 30
|
| Ratings: | Fitch: BB-
|
| Distribution: | Rule 144A and Regulation S
|
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