Africa-focused Vivo Energy to offer $350 million senior notes

By Marisa Wong

Los Angeles, Sept. 10 – Vivo Energy plc is proposing to offer $350 million of senior notes (expected: Baa3/BB+/BB+) with a maturity of five or seven years, according to a press release.

The notes will be issued through subsidiary Vivo Energy Investment BV and guaranteed by Vivo Energy and Vivo Energy Holding BV.

Proceeds from the Rule 144A and Regulation S offering will be used to repay all amounts outstanding under the company’s amortizing term facility and incremental term facility and for general corporate purposes.

Based in London, Vivo Energy distributes and markets Shell and Engen branded fuels to customers in Africa.

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