GENEL ENERGY (LON:GENL) Genel Energy PLC: Bond call option exercised
Transparency directive : regulatory news
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Genel Energy PLC (GENL)
16 October 2024
Genel Energy plc
Bond call option exercised
Genel Energy plc ('Genel' or 'the Company') has notified Nordic Trustee AS that the Company calls $75 million of the outstanding bond amount relating to ISIN NO 0010894330 with a maturity date in October 2025 and a fixed coupon of 9.25% per annum, at a price equal to 101.85% of the nominal amount.
The total amount outstanding before the call is $300 million, resulting in $225 million remaining after the call option is exercised. The Company will cancel the bonds that it holds, leaving $66 million outstanding.
The call will have settlement date on 30 October 2024 and record date on 28 October 2024.
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Notes to editors: Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). Genel has low-cost and low-carbon production from the Kurdistan Region of Iraq, and continues to seek opportunities to add new resilient and cash-generative assets to its portfolio. For further information, please refer to www.genelenergy.com
Attachment File: Exercise of voluntary partial redemption (Call Option) Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
| ISIN: | JE00B55Q3P39, NO0010894330 |
| Category Code: | MSCH |
| TIDM: | GENL |
| LEI Code: | 549300IVCJDWC3LR8F94 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 353357 |
| EQS News ID: | 2009919 |
| End of Announcement | EQS News Service |
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source : webdisclosure.com