7th Feb 2022 09:58
Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Receives required consents for lock-up agreement accessions for USD725 million aggregate principal amount outstanding of 8.0% senior notes due 2022, and USD400 million aggregate principal amount outstanding of 7.0% senior notes due 2025. The amendments to December's lock-up agreement were mostly jurisdictional, such as changing the governing law from that of New York state to the laws of England and Wales.
Some 87% of 2022 noteholders and 91% of 2025 noteholders provided consents on Friday, which can no longer be revoked. In each case the notes were issued by Nostrum Oil & Gas Finance BV.
Current stock price: untraded on Monday, last quoted at 5.84 pence
12-month change: down 33%
By Elizabeth Winter; [email protected]
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