IGas holders may tender 10% notes due 2018 by Dutch auction: Pareto

By Susanna Moon

Chicago, June 22 – IGas Energy plc holders may tender their $165 million of 10% senior secured callable bonds due 2018 by Dutch auction until 8 a.m. ET on July 1.

The tender offer is being made by Pareto Securities AS on behalf of a client not affiliated with IGas, according to a notice.

The purchase price will be set by 11 a.m. ET on July 4 using a reverse bookbuilding through which sales offers are obtained from bondholders who want to tender their bonds in the offer.

Holders also will receive accrued interest.

Settlement is expected to occur on July 12.

For information about the auction result or for amendments, go to newsweb.no.

Bondholders can provide sales offers for some or all of their bonds by e-mail to IGAS@paretosec.com or through their custodian or prime broker.

Pareto and the client will only accept offers from bondholders or beneficial owners who are not U.S. persons under Regulation S and who are outside the United States.

For questions about the tender, contact Petter Sagfossen ar +47 22 87 87 48 or IGAS@paretosec.com.

IGas is a London-based onshore hydrocarbon producer, delivering natural gas and crude oil to Britain’s energy market.

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