China’s Anton Oilfield begins exchange offer for 7½% notes

Chicago, July 6 – Anton Oilfield Services Group commenced an exchange offer for up to $150 million of its $289.9 million outstanding 7½% senior notes due 2022 held by non-U.S. persons outside of the United States, according to a notice.

The company is offering to exchange $1,000 of existing notes for $1,007.50 of new notes and accrued interest.

The minimum interest rate will be announced on July 13. The tenor will be 3.5 years.

The exchange deadline is 11 a.m. ET on July 16.

Settlement is planned for July 26.

The new notes will be listed on July 27.

Nomura International plc and Admiralty Harbour Capital Ltd. are the dealer managers for the offer.

D.F. King is the information and exchange agent.

Anton Oilfield is a Beijing-based provider of technical oil and gas field development services.

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