11th Oct 2024 10:11
Ithaca Energy PLC - London-based oil and gas company operating in the North Sea - Subsidiary Ithaca Energy North Sea PLC prices USD750 million in 8 1/8% senior notes due in 2029. The proceeds of the issue will be used to redeem the existing USD625 million in 9% senior notes due in 2026, repay amounts drawn under an existing loan, and pay refinancing-related fees and expenses.
Another subsidiary, Ithaca Energy UK Ltd, has signed a USD1.24 billion floating rate reserve-based lending facility agreement that is due to mature in 2029. It has high confidence of achieving a USD1.4 billion final reserves-based lending facility, including a USD500 million letter of credit tranche.
Current stock price: 103.00 pence, down 2.3% in London on Friday morning
12-month change: down 41%
By Emily Parsons, Alliance News reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.