Acceptance of CAMMESA’s Payment Offer
Buenos Aires, May 28, 2024. Pampa Energía S.A. (‘Pampa’ or the ‘Company’; NYSE: PAM; ByMA: PAMP) announces that on May 27, 2024, Pampa executed the agreement under Res. SE No. 58/24 and No. 66/24 framework. In consequence, Pampa will receive within the next ten days its receivables corresponding to December 2023 and January 2024 transactions in US$-denominated sovereign bonds issued by the Republic of Argentina, step up and maturing in 2038 (AE38). The February 2024 transaction will be collected with the funds available in CAMMESA’s authorized bank accounts.
Regarding the receivables with CAMMESA, the loss due to the acceptance of the payment method implies a further impairment of US$5.8 million for Pampa, on top of the US$34.6 million loss recorded in the financial statements for the three-month period ended on March 31, 2024. This additional loss does not include accrued interests between April 1, 2024, and the date of acceptance of the proposal, which amounts to US$18.1 million and is not recognized, making the total loss of US$58.5 million.
Yesterday, the amount corresponding to the February 2024 transaction was paid by CAMMESA, as indicated in the agreement.
Finally, we reiterate that the acceptance by the Company of this payment method does not affect the solvency or the repayment capacity of its obligations. The Company continues investing to expand its business and improve the country’s energy infrastructure.
For more information, please contact:
Gustavo Mariani – CEO
Nicolás Mindlin – CFO
Lida Wang – Investor relations and sustainability officer – investor@pampa.com
Josefina Espinoza Paz – Press officer – prensa@pampa.com
The Pampa Energía Building
Maipú 1, (C1084ABA), Buenos Aires, Argentina
Phone: +54 (11) 4344 6000