Energean prices debt sale
Energean
988.50p
17:15 23/12/24
0.97%
9.50p
Energean announced a deal to roll over part of its debt.
FTSE 250
20,419.09
17:09 23/12/24
n/a
n/a
FTSE 350
4,471.06
17:09 23/12/24
n/a
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FTSE All-Share
4,428.73
16:44 23/12/24
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Oil & Gas Producers
7,677.43
17:09 23/12/24
0.55%
42.07
Acting through its subsidiary Energean Israel Finance, the oil explorer priced an issue of $750m of debt maturing in 2033 and paying an interest of 8.5%.
The proceeds from the sale, which was expected to complete on or around 11 July, would be used to redeem the $625m of 4.5% senior secured notes coming due in 2024, payment of the final deferred consideration of Kerogen and funding the interest payment reserve account.