Power Producers Seek Better Terms for $2 Billion Argentina Debt [Financial Post (Toronto, Ontario, Canada)]
Pampa Energia S.A. Pampa Energia S.A. (PAM)
US:NYSE Investor Relations:
ir.pampaenergia.com
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Argentina's privately-run power producers will reject an offer by the government to settle a debt that's mushroomed to about $2 billion, Pampa Energia SA Chief Executive Officer Gustavo Mariani said. The producers — led by Pampa and Central Puerto SA, which together supply about 30% of Argentina's energy — want better terms for the debt, which began to accumulate late last year when President Javier Milei's government stopped paying them as part of a broader effort to shrink its budget deficit. Article content Article content Most of the current offer by the government, published Wednesday in the federal register, is comprised of a sovereign bond in hard currency maturing in 2038. The bond is trading at about 50 cents on the dollar, so Milei is essentially asking companies to take just half of the money due. In the period from December to Febr
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PAM
News
- Should Value Investors Buy Pampa Energia (PAM) Stock? [Yahoo! Finance]Yahoo! Finance
- Pampa Energía S.A. (NYSE: PAM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Pampa Energía S.A. (NYSE:PAM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Pampa Energia Announces First Quarter 2024 ResultsAccesswire
- Pampa Energía Informs the Market That It Has Filed Its Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2023Accesswire
PAM
Earnings
- 5/7/24 - Beat
PAM
Sec Filings
- 5/17/24 - Form 144
- 5/16/24 - Form 144
- 5/16/24 - Form 6-K
- PAM's page on the SEC website