Vista Argentina Reopens $400 Million Tranche of 8.5% Senior Notes Due 2033

Cleary Gottlieb represented Vista Energy Argentina S.A.U. (Vista Argentina) in the $400 million reopening of its 8.5% senior notes due 2033. The offered notes constitute a further issuance of Vista Argentina’s 2033 notes initially issued on June 10, 2025. Following the reopening, the principal amount of the 2033 notes outstanding will be $900 million. The offering was launched on December 1, 2025, priced on December 3, 2025, and is expected to close on December 10, 2025. The offering was conducted as a private placement in the United States under Rule 144A and as an offshore offering in reliance on Regulation S. The currently outstanding 2033 notes are listed and admitted to trading on Bolsa y Mercados Argentinos S.A. and admitted to trading on A3 Mercados S.A. Application has been made to have the offered notes listed and admitted to trading in those same markets. Vista Argentina is a leading shale oil–focused company engaged in the exploration and production of oil and natural gas in Argentina and has operated since April 4, 2018. Vista is the largest independent oil producer in Argentina and in Vaca Muerta, one of the largest shale oil and gas plays under development outside North America. The issuer is a subsidiary of Vista Energy S.A.B. de C.V., a Mexican publicly traded corporation with shares listed on the Mexican Stock Exchange and ADSs listed on the New York Stock Exchange. Cleary Gottlieb represented Vista Energy Argentina S.A.U. with a team composed by: partner Manuel Silva; associates Rodrigo López Lapeña and Lucas Davidenco; international lawyer Marina Rotman; and partner Matt Brigham and associate Abdel Rodríguez, who advised on tax matters.

Vista Argentina Reopens $400 Million Tranche of 8.5% Senior Notes Due 2033

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