YPF Sociedad Anónima Announces Commencement of Tender Offers for up to U.S.$500,000,000 Maximum Purchase Price of Outstanding Securities of the Series Listed Below, subject to the Priorities Set Forth Herein

YPF Sociedad Anónima, a leading Argentine energy company, has announced the commencement of cash tender offers to purchase outstanding securities, with a maximum aggregate purchase price of $500 million. This initiative was disclosed on September 7, 2026, and is part of YPF's strategy to manage its debt portfolio and optimize its capital structure. The tender offers are scheduled to expire on September 16, 2026, unless extended or terminated earlier.

The tender offers encompass several types of securities, including 6.950% Senior Notes due 2027 and 2.500%/9.000% Step Up Amortizing Notes due 2029. The total principal amount outstanding for these securities is approximately $1.3 billion, indicating a significant opportunity for YPF to reduce its debt obligations. The company has structured the offers under specific acceptance priority levels, allowing for a systematic approach to purchasing the securities based on their priority ranking.

YPF's decision to initiate these tender offers comes in the context of a challenging economic environment in Argentina, characterized by high inflation and currency volatility. By repurchasing its securities, YPF aims to enhance its financial flexibility and potentially reduce interest expenses. The company has indicated that the tender offers are contingent upon the successful completion of a new notes offering, which will provide the necessary funds to execute the buyback. This strategic move reflects YPF's ongoing efforts to strengthen its balance sheet while navigating the complexities of the local and global markets.

The energy sector in Argentina has been under pressure due to fluctuating commodity prices and regulatory changes. However, YPF remains a key player in the industry, leveraging its position to adapt to market dynamics. The tender offers may also signal to investors that YPF is committed to maintaining a robust capital structure, which could enhance investor confidence and support future growth initiatives.

As YPF proceeds with this tender offer, the broader implications for the Argentine debt market could be significant. A successful buyback may lead to improved liquidity for YPF's remaining securities and potentially influence pricing dynamics across the sector. Additionally, if YPF's strategy proves effective, it may encourage other companies in the region to consider similar debt management strategies in response to prevailing economic conditions. Overall, this tender offer represents a proactive step by YPF to solidify its financial standing amidst ongoing market challenges.