YPF obtains support from Ad-Hoc Group for $6.2 billion debt swap

State-owned oil company YPF announced a new amendment to its offer to restructure $6.2 billion in bonds. YPF received a proposal from the Ad-Hoc YPF Bondholder Group, which holds approximately 45% of the 2021 bond, requesting a final amendment to the exchange conditions of the bond to commit its participation in the transaction. Sources close to the negotiation indicated that the Ad-Hoc Group’s proposal was presented to the company’s board of directors, who resolved to approve the requested modifications.

Source: Ámbito