Afren sets international roadshow ahead of possible note offering

By Paul A. Harris

Portland, Ore., Feb. 21 - Pan African energy producer Afren plc (/B/B) mandated BNP Paribas, Deutsche Bank AG and Goldman Sachs International to lead an international roadshow ahead of a possible offering of seven-year senior secured notes (/B/), according to market sources.

Initial meetings will take place on Thursday and Friday in London.

The company and its investment bankers plan to subsequently meet with investors on the West Coast of the United States on Feb. 27, in Boston on Feb. 28 and in New York on Feb. 29.

Proceeds will be used to pay bank debt and for general corporate purposes.

Based in London, Afren conducts its oil and gas exploration, development and production operations in African countries including Nigeria, Gabon, Republic of the Congo, Ivory Coast and Ghana.

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