Aconcagua Energía has completed a financial debt restructuring

Petrolera Aconcagua Energía S.A. has restructured financial liabilities totaling US$220 million. The process, which lasted approximately 2.5 months, achieved a 97% participation rate in the exchange of notes and marketable promissory notes, and 100% participation in the restructuring of bank loans. As part of the transaction, Tango Energy S.A.U., a new controlling group co-controlled by Vista and Trafigura, assumed the strategic leadership of Aconcagua Energía.

Aconcagua Energía is an Argentine energy company focused on the exploration, production and commercialization of hydrocarbons and renewable energy. It operates across key regions of Argentina, primarily managing conventional oil and gas fields, while also developing projects in power generation, renewable energy and oilfield services.

Oaklins’ team in Argentina acted as the exclusive financial advisor to Aconcagua Energía in the restructuring of its financial liabilities.