Bomchil Advises CGC on Successful Closing of US$300 Million Notes Offering

Bomchil - Compañía General de Combustibles S.A. (‘CGC’) successfully completed the placement on the international and local markets of class 38 negotiable obligations with a nominal value of US$300,000,000, denominated and payable in US dollars at a fixed interest rate of 11.875% per annum and maturing in November 2030 (the ‘Negotiable Obligations’).

CGC is a leading company in the oil and gas industry, with activities including the exploration, exploitation and development of hydrocarbon deposits.
The Negotiable Obligations were issued on 28 November 2025 and placed on the international market in accordance with Rule 144A and Regulation S under the United States Securities Act of 1933.  The proceeds from the placement of the Negotiable Obligations will be used to pay or refinance existing financial debt.

Citigroup Global Markets Inc., JP Morgan LLC, Morgan Stanley, Santander, Santander US Capital Markets LLC and Balanz Capital UK LLP acted as international underwriters (the ‘International Underwriters’), BCP Securities Inc. and Latin Securities Inc acted as international co-managers (the ‘International Co-Managers’) and Banco Santander Argentina S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., Macro Securities S.A.U., Balanz Capital y Valores S.A.U. and Latin Securities S.A. acted as local placement agents (the ‘Local Placement Agents’) . Citigroup Global Markets Inc. acted as international settlement agent (the ‘International Settlement Agent’) and Latin Securities S.A. acted as local settlement agent (the ‘Local Settlement Agent’). The Bank of New York Mellon will act as indenture trustee, registrar, paying agent and transfer agent under the indenture, and Banco Santander Argentina S.A. will act as registrar, paying agent, transfer agent and representative of the indenture trustee in Argentina.
The negotiable obligations were authorised for listing on Bolsas y Mercados Argentinos S.A. and for trading on A3 Mercados S.A.

CGC advisors:
With respect to the laws of New York, United States:
Milbank LLP: Partner: Adam Brenneman. Special Counsel: Gonzalo Guitart. Associates: Marcos Zaldivar and Pamela Molina. International Lawyer: Hugo Bruzone.
With respect to the laws of the Argentine Republic:
Bomchil: Partners: Fermín Caride and María Victoria Tuculet. Associates: Francisco Diskin, Tomas Celerier and Camila Belén González Lima. Paralegal: Lourdes María Aguirre.
Advisors to the International Underwriters, International Co-Managers, Local Underwriters, International Settlement Agent and Local Settlement Agent:
Advisors to the International Underwriters:
With respect to the laws of New York, United States:
Davis Polk & Wardwell: Partner: Maurice Blanco. Counsel: Drew Glover. Associates: José Miguel Fernández. Foreign Associate: Carlos Rios Armillas.
With respect to the laws of the Republic:
Bruchou & Funes de Rioja: Partners: José Bazán and Leandro E. Belusci. Associates: Quimey Lía Waisten, Victoria Negro and Manuel Vergez Dinatale.

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