Petrobras Argentina begins tender for 5 7/8% series S notes due 2017

By Susanna Moon

Chicago, July 7 – Petrobras Argentina SA is tendering for its 5 7/8% series S notes due 2017 until 11:59 p.m. ET on Aug. 2.

The total purchase price will be $1,041.25 for each $1,000 principal amount of notes tendered by the early tender deadline of 5 p.m. ET on July 19. The total amount includes an early tender premium of $30.00 per $1,000 principal amount.

Holders who tender after the early deadline will receive the base tender payment of $1,011.25 per $1,000 of notes.

The company also will pay accrued interest to but excluding the settlement date.

The offer is contingent upon the closing of a concurrent offering; however, the concurrent offering is not conditioned on completion of the offer. The offer does not require any minimum principal amount of notes being tendered.

Tendered notes may be withdrawn before the early tender deadline.

Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106) and Deutsche Bank Securities Inc. (855 287-1922 or 212 250-7527) are the dealer managers. Global Bondholder Services Corp. (212 430-3774 and 866 470-3900) is the information agent and tender agent.

Petrobras Argentina SA, formerly Petrobras Energia SA, is a Buenos Aires-based energy company.

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