Vista Argentina in $500 Million Offering

Cleary Gottlieb represented Vista Energy Argentina S.A.U. (Vista Argentina) in its offering of $500 million 7.875% senior notes due 2038.

The offering launched on March 30, 2026, priced on April 1, 2026, and is expected to close on April 8, 2026. The offering was conducted as a private placement in the United States under Rule 144A and an offshore offering in reliance on Regulation S. The notes are expected to be listed on the Bolsa y Mercados Argentinos S.A. (BYMA) and admitted for trading on the BYMA and on the A3 Mercados S.A. (formerly Mercado Abierto Electrónico S.A.).

Vista Argentina is a leading shale oil-focused company engaged in the exploration and production of oil and natural gas in Argentina, operating since April 4, 2018. Vista is the largest independent oil producer in Argentina and in Vaca Muerta, the most extensive shale oil and gas play 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.

The Cleary team included partner Manuel Silva, associates Rodrigo López Lapeña and Lucas Davidenco, and international lawyer Marina Rotman. Partner Matthew Brigham and associate Rachel Pritzlaff advised on tax matters.