Deals
Argentina’s Pampa Said to Plan First Bond Deal to Fund Purchase
- Proceeds will repay bridge loan before interest rate rises
- Company working with six banks to arrange the debt offering
This article is for subscribers only.
Pampa Energia SA is planning its first bond offering as soon as November to help repay a bridge loan that funded its takeover of Petroleo Brasileiro SA’s Argentine unit, according to two people with knowledge of the matter.
Argentina’s biggest electricity company may issue as much as $500 million of notes, which will be used to partially repay a $750 million 18-month loan it got last month to pay for Petrobras Argentina SA, said the people, who asked not to be named because the information isn’t public.