Deutsche Bank in $100 Million Loan

Cleary Gottlieb represented Deutsche Bank as arranger, initial lender and account bank, and Deutsche Bank Trust Company Americas, as administrative agent, in a $100 million loan to YPF S.A. The loan will be paid with certain of YPF’s accounts receivables arising from its sales of marine bunker fuel oil. The proceeds from the loan will be used to finance a project to develop an area of production in the province of Mendoza for the purpose of increasing oil and natural gas production. The transaction closed on September 2, 2015.