IN BRIEF: Seplat prices offering of USD650 million notes due 2026

Seplat Petroleum Development Co PLC - Nigerian oil & gas company - Prices its offering of USD650 ...

Alliance News 25 March, 2021 | 7:14PM
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Seplat Petroleum Development Co PLC - Nigerian oil & gas company - Prices its offering of USD650 million of 7.75% senior notes due 2026. The notes will be issued by the company and guaranteed by some of its subsidiaries. Seplat says proceeds from the notes will be used to redeem the existing USD350 million 9.25% senior notes due 2023, to repay drawings of USD250 million under the existing USD350 million revolving credit facility, for general corporate purposes, and to pay transaction fees and expenses.

Current stock price: 75.00 pence, down 2.1% on Thursday

Year-to-date change: up 15%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
SEPLAT Petroleum Development Company PLC 94.40 -
SEPLAT Petroleum Development Company PLC 620.00 -

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