Funding for Vaca Muerta
YPF secured a $700 million syndicated loan from a consortium of international banks in Latin America, the United States, and Asia. The transaction reflects the growing confidence of the global financial sector in the company's export potential.
Structured as a pre-export facility with a three-year term , this financing comes at a key moment for the company, which seeks to expand its operations amid the volatility of energy markets.
The transaction, co-led by the Latin American Foreign Trade Bank (Bladex) , was oversubscribed by participants, which underlines the attractiveness of Vaca Muerta.
The funds will be used primarily to pre-finance crude oil and gas exports , as well as working capital for upstream activities and the development of related infrastructure.
This capital injection complements previous efforts by the company, such as the $2 billion loan obtained for the Vaca Muerta Sur (VMOS) pipeline , in which YPF actively participates.
In the current economic context, where crude oil prices have fallen by 13% so far this year , this agreement represents a boost for the reactivation of international banking in financing Argentine companies.
It goes without saying that YPF, as the main operator in the Vaca Muerta shale formation, has prioritized diversifying its funding sources to mitigate local risks and strengthen its role in the energy value chain. This operation not only alleviates immediate liquidity pressures but also enables greater competitiveness in global markets.
Carlos de Alvear, Bladex's director for South America and Mexico, emphasized the significance of the transaction, stating: “This syndicated loan reflects confidence in Argentina's potential and the strategic importance of the Vaca Muerta project led by YPF. This transaction reaffirms our commitment to financing initiatives that foster the economic development of the region's countries.”