Deals this week: Petrobras, YPF, San Leon Energy, Keyera and Western Refining Logistics

Petroleo Brasileiro S.A. (Petrobras) plans to buy a 33.3% stake in Rio Neuquen block in the Neuquen Basin, Argentina, from Pampa Energia S.A.

The deal will imply a net value of $72m and will expand Petrobras’ oil and gas assets portfolio in Argentina.

Upon the deal’s completion, the field will be owned by Pampa Energia (33.4%), Petrobras (33.33%) and YPF (33.33%).

YPF S.A. has agreed to pay $140m for the acquisition of 33.33% stake in the Rio Neuquen unconventional block and 80% stake in the Aguada de la Arena block from Pampa Energia.

The assets to be sold under the agreement are located in the Neuquen Basin, Argentina.

The purchase will allow YPF to produce approximately 105.9Bcf/d of gas from the two blocks.

San Leon Energy plc has announced the issue of shares through a private placement. The company plans to raise at least $200m from the non-public offering.

San Leon has appointed Whitman Howard Limited and Brandon Hill Capital Limited as brokers for the placement.

The amount raised from the transaction will be used to buy loan notes from Toscafund, to repurchase $100m of loan notes, and to meet working capital requirements.

Keyera Corp. has announced the issue of 8.25 million common shares on a bought deal basis. The issue is scheduled for completion on May 2016 and will raise $231.82m.

The underwriters RBC Capital Markets and National Bank Financial have been granted a 30-day over-allotment option to buy up to an additional 1,237,500 shares.

The amount raised from the offer will be used by Keyera to repay its short term obligations.

Western Refining Logistics, LP has announced the pricing of 3.75 million units issued through a public offering. The company will raise approximately $81.49m from the issue.

Additionally, the underwriters have been granted a 30-day option to buy an additional 562,500 common shares.

Barclays Capital is the sole book-running manager, whereas Vinson & Elkins is the legal advisor for the issue, which is scheduled for completion on 20 May 2016.

The proceeds from the issue will be used by the company to repay outstanding liabilities under its revolving credit facility, as well as to fund working capital and capital outlays or acquisitions.