| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for EnQuest plc > News item |
EnQuest to make February payment on PIK toggle notes in kind
New York, Jan. 30 – EnQuest plc said it will make the Feb. 15 interest payment on its £155 million of 7% extendable PIK toggle notes due 2022 in kind.
The cash payment condition for the notes has not been met, according to a notice from the company.
To satisfy the interest payment, EnQuest will issue an additional £5,425,000 of notes, raising the principal amount to £160,425,000.
EnQuest is a London-based petroleum exploration and production company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.