Pricing of €400m Senior Secured Notes
Energean prices €400m senior secured notes due 2031 at 5.625% fixed rate.
- Senior Secured Notes €400.0 million
- Fixed Annual Interest Rate 5.625%
- Maturity Date 2031
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Energean plc ("Energean") (LSE: ENOG, TASE: א) is pleased to announce that it has priced the offering (the "Offering") of €400,000,000 aggregate principal amount of senior secured notes due 2031 (the "Notes"), with a fixed annual interest rate of 5.625% (the "Notes").
The interest on the Notes will be paid semi-annually in arrears, on May 15 and November 15 of each year, beginning on May 15, 2026.
The proceeds from the Offering are expected to be used to redeem all of Energean's outstanding 6.50% senior notes due 2027, to fund cash on balance sheet and to pay related fees and expenses.
The issuance of the Notes is expected to be completed on November 10, 2025, subject to customary closing conditions.
The Notes are expected to be admitted to the Official List of Euronext Dublin and trading on the Global Exchange Market thereof, subject to the approval of Euronext Dublin.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.