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YPF signs USD 400 million loan with Itaú Unibanco to finance YPF Luz purchase

FinanceInternationalLexLatin35 s readAI summary
Image: LexLatin

YPF, Argentina's main energy and hydrocarbons company, signed a USD 400 million corporate term financing agreement with Itaú Unibanco (Nassau branch) to finance part of its acquisition of 24.99% of the capital of YPF Energía Eléctrica (YPF Luz). The agreement was signed on October 8 and closed on October 13, with Banco Itaú Chile acting as administrative agent. The sale was completed on October 14 for USD 430 million, as part of the expansion strategy ahead of YPF Luz's stock market listing.

In 35 seconds

  • YPF signed a USD 400 million corporate term loan with Itaú Unibanco (Nassau branch).
  • The funds finance part of the purchase of 24.99% of YPF Luz's capital.
  • The sale was completed on October 14 for USD 430 million.
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IASummary generated by artificial intelligence from a story by LexLatin. It may contain errors: the original source prevails.

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