Pampa Energia SA (PAM) has released an update.
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Pampa Energía S.A. has successfully concluded its cash tender offer for the purchase of its 7.500% Series 1 Notes due in 2027, with approximately 52.91% of the outstanding notes being tendered by the expiration deadline. The company plans to settle the tendered notes, including those submitted through Guaranteed Delivery Procedures, by September 10, 2024, using the proceeds from a concurrent offering of new notes. This strategic financial move aims to streamline the company’s debt profile and is part of its broader financial management plan.
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