Notification of delayed interest payments
Delayed interest payments on USD 700.7m of outstanding notes due to payment administration issue with clearing systems.
- USD 5.00% Senior Secured Notes due 2026 USD $244,372,000
- USD 1.00%/13.00% Senior Unsecured Notes due 2026 USD $456,279,196
- Total Notes Outstanding USD $700,651,196
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| Description of Notes | CUSIP / ISIN | Amount Outstanding |
| USD 5.00% Senior Secured Notes due 2026 | Reg S: CUSIP: N64884AF1 / ISIN: USN64884AF16 Private Placement: CUSIP: 66978CAF9 / ISIN: US66978CAF95 | USD $244,372,000 |
| USD 1.00%/13.00% Senior Unsecured Notes due 2026 | Reg S: CUSIP: N64884AE4 / ISIN: USN64884AE41 Private Placement: CUSIP: 66978CAD4 / ISIN: US66978CAD48 | USD $456,279,196 |
London and the Netherlands, 10 July 2025 - Nostrum Oil & Gas Finance B.V. (the "Issuer"), a wholly-owned subsidiary of Nostrum Oil & Gas PLC (the "Parent"), was required by June 30, 2025 to have paid accrued interest in accordance with the terms and conditions of the Issuer's outstanding notes with ISIN USN64884AF16, US66978CAF95, USN64884AE41 and US66978CAD48 (the "Notes"). The Notes are guaranteed by, among other entities, the Parent. The Issuer hereby notifies that, as of July 10, 2025, it has not paid the due interest in accordance with the terms and conditions of the Notes.
The delay is the result of a payment administration issue which currently does not permit the Issuer to make a payment on the Notes through the clearing systems. The delay in the interest payments does not reflect any issue of the Parent's or Issuer's solvency or liquidity. All underlying funds for making the interest payments are available and secured. The Issuer is currently working to resolve the relevant issues.
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