September 18, 2018
YPF S.A. ANNOUNCES SETTLEMENT OF ITS
ANY AND ALL TENDER OFFER
FOR ITS 8.875% SENIOR NOTES DUE 2018
FOR IMMEDIATE RELEASE
BUENOS AIRES, ARGENTINA
YPF S.A. (BCS: YPF) (
YPF
) announced today the settlement of the previously announced tender offer (the
Tender Offer
)
to purchase for cash any and all of its outstanding 8.875% Senior Notes due 2018
(the
Securities
).
The Tender Offer expired at 5:00 p.m., New York City time, on September 17, 2018 (the
Expiration
Date
). At the Expiration Date, valid tenders had been received with respect to U.S.$176,245,000 of the U.S.$452,198,000 aggregate principal amount of the outstanding Securities.
YPF has accepted for payment all Securities validly tendered prior to the Expiration Date. On September 18, 2018, such tendering holders will receive the
purchase price in the amount of U.S.$1,005 for each U.S.$1,000 principal amount of Securities tendered, plus accrued and unpaid interest to, but not including, the date hereof.
This announcement is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell securities.
Information Relating to the Tender Offer
Itau BBA USA
Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as the dealer managers for the Tender Offer. The information agent and depositary is D.F. King & Co., Inc (D.F. King). Copies of the
Offer to Purchase, Letter of Transmittal and Notice of Guaranteed Delivery, with respect to the Tender Offer, and related offering materials are available by contacting D.F. King at (800)
628-8509
(toll-free),
(212)
269-5550
(banks and brokers) or www.dfking.com/ypf. Questions regarding the Tender Offer should 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) or Merrill Lynch, Pierce, Fenner & Smith Incorporated by telephone at +1 (888)
292-0070
(U.S. toll free) or +1 (646)
855-8988
(collect).
This press release
shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. The Tender Offer is being made only pursuant to an Offer to Purchase dated September 10, 2018, which set forth the terms and conditions
of the Tender Offer, and only in such jurisdictions as is permitted under applicable law.
Disclosure Regarding Forward-Looking Statements
Statements contained in this news release that state the Companys or managements intentions, expectations or predictions of the future are
forward-looking statements. Specifically, the Company cannot assure you that the proposed transactions described above will be consummated on the terms currently contemplated, if at all. Actual results could differ materially from those projected in
such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially is contained from time to time in the Companys filings with the Securities and Exchange Commission including but
not limited to the Companys Annual Report on Form
20-F
for the year ended December 31, 2017. The Company disclaims any intention or obligation to revise any forward-looking statements, including
financial estimates, whether as a result of new information, future events or otherwise.