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Published on 2/18/2021 in the Prospect News High Yield Daily.

New Issue: EnQuest adds on £6.44 million to 7% extendable PIK toggle notes

Chicago, Feb. 18 – EnQuest plc sold an additional £6,443,198 of 7% extendable PIK toggle notes due Oct. 15, 2023, according to a notice.

The notes will be consolidated and form a single series with the existing £184,091,375 of 7% PIK toggle notes originally due Feb. 15, 2022 and previously extended to Oct. 15, 2023.

The notes trade as retail bonds on the London Stock Exchange plc.

The issuer is a London-based petroleum exploration and production company.

Issuer:EnQuest plc
Amount:£6,443,198
Maturity:Oct. 15, 2023 (extendable)
Securities:PIK toggle notes
Coupon:7%
Distribution:Retail
Original issue:£184,091,375 of 7% PIK toggle notes

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