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home / news releases / YPF - YPF ad hoc bondholders nix latest debt exchange proposal

YPF - YPF ad hoc bondholders nix latest debt exchange proposal

YPF Sociedad Anonima
YPF's ([[YPF]] -2.4%) ad hoc bondolder group rejects the terms of the Argentine energy company's latest amended debt exchange offer, saying it still "fails to provide a balanced solution" for 2021 bonds maturing in March.The amended offer expires on Friday and the creditor group says its members will not tender their bonds under the current proposal.The group says it submitted a counter-proposal to YPF that would provide "additional cash flow flexibility and interest savings over the next several years with below-market interest rates."YPF had raised its offer to creditors after its plans to swap $6.2B in bonds caused a backlash from investors.

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YPF ad hoc bondholders nix latest debt exchange proposal
Stock Information
Company Name: YPF Sociedad Anonima
Stock Symbol: YPF
Market: NYSE
Website: ypf.com
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