Linklaters Advises Tecpetrol S.A. on US$400 Million Bond Issuance

Linklaters advised Tecpetrol S.A. on its offering of US$400 million 7.625% Notes due 2033. The offering launched on January 13, 2025, priced on January 16, 2025, and closed on January 22, 2025. The notes are expected to be listed on the Bolsa y Mercados Argentina S.A. (BYMA), and admitted for trading on the BYMA and on the Mercado Abierto Electrónico S.A.

Tecpetrol is a leading participant in the oil and gas market in Argentina, and its activities include the exploration, exploitation, and transport of hydrocarbons. Tecpetrol is the second largest holder of wet gas acreage in the Vaca Muerta formation in the Neuquina basin, one of the largest shale areas in the world.

The Linklaters deal team was led by Partner Matthew Poulter and Counsel Emilio Minvielle, alongside Head of Linklaters’ Mexico Group Alberto García Linera, and Associate Thomas Tiphaine Koffman. Additional tax assistance for the deal was provided by Partner Gabriel Grossman and Senior Associate Reuven Rosen.

Linklaters’ lawyers have practiced in Latin America for decades and Linklaters was one of the first international firms to open an office in Brazil in 1997. With a growing team of Latin America-focused lawyers across the firm’s New York, Washington, D.C., and São Paulo, the firm continues to increase its presence in the Latin America region and deepen existing relationships with leading local law firms. Linklaters is highly ranked across key Latin America legal directories including Chambers, Legal 500, and Latin Lawyer.