Neptune Energy Bondco plc (the “Issuer”), a wholly-owned subsidiary of Neptune Energy Group Limited (“Neptune Energy” or the “Company”), announced today that it has launched an offering of senior notes (the “Offering”) in an aggregate principal amount of $500 million (the “Notes”).
Interest will be payable semi-annually. The interest rate, offering price and other terms will be determined at the time of pricing of the Offering, subject to market conditions.
The Company intends to use the gross proceeds of the Offering to partially repay (without cancelling) drawn commitments under the group’s reserves-based lending facility.
Source: Neptune Energy