Business

YPF debt renegotiation for $1 bn clears financial horizon until year-end

The acceptance of 58.4% of the $1 billion renegotiation offer that expires on March 30 clears the financial picture for YPF until the end of the year. The company will wait for the final closing of the exchange transaction on July 30 and then begin designing a new deal for December this year and February 2021 to place a further Negotiable Obligation (or similar) for investors who did not accept the current proposal. If no more interested parties entered before the end of the month, a total of some $420 million would have to renegotiate.

Source: Ámbito

Categories: Business