30th Jul 2019 14:13
(Alliance News) - Power generation company ContourGlobal PLC said Tuesday it will offer an additional EUR100 million of its existing 4.125% senior secured notes due 2025.
The offering is in addition to the to the EUR300 million debt that was offered in July 2018. The new notes will have identical terms as the existing notes.
ContourGlobal intends to use the net proceeds from the offering for general corporate purposes. Shares in the company were flat at 171.60 pence each on Tuesday afternoon.
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GLO.L