18th Jan 2022 14:36
Nostrum Oil & Gas PLC - Amsterdam-based oil and gas company operating in Kazakhstan - Says 76% of its 2022 noteholders and 80% of its 2025 noteholders have signed or acceded to the lock-up agreement. The lock-up agreement was entered to restructure its 8% senior notes due 2022 and its 7% senior notes due 2025. In each case the notes were issued by Nostrum Oil & Gas Finance BV. A fee of 50 basis points, payable upon consummation of the restructuring, was offered to each noteholder that was originally part of the lock-up agreement or that acceded by January 14.
Current stock price: untraded, previous close 5.50 pence
12-month change: down 36%
By Heather Rydings; [email protected]
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