Bond call option exercised
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your GENL notes
Genel Energy PLC (GENL) Genel Energy PLC: Bond call option exercised 16-Oct-2024 / 15:48 GMT/BST 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. -ends- For further information, please contact: Genel Energy Luke Clements, Chief Financial Officer +44 20 7659 5100 Vigo Consulting Patrick d'Ancona +44 20 7390 0230 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)
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.