Energean prices debt sale
Energean
985.00p
17:00 14/11/24
1.70%
16.50p
Energean announced a deal to roll over part of its debt.
FTSE 250
20,522.81
16:38 14/11/24
n/a
n/a
FTSE 350
4,459.02
16:38 14/11/24
n/a
n/a
FTSE All-Share
4,417.25
16:54 14/11/24
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Oil & Gas Producers
7,938.55
16:38 14/11/24
0.88%
69.09
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.