By Susanna Moon
Chicago, March 14 - IGas Energy plc said it arranged a $165 million 10% five-year senior secured bond issue.
The issue terms include a semiannual amortization of 2.5% of the initial loan amount.
Proceeds will be used to refinance the company's debt and for general corporate purposes.
The new bond issue will be listed in Oslo.
ABG Sundal Collier Norge ASA is the arranger and bookrunner.
IGas is a London-based onshore hydrocarbon producer, delivering natural gas and crude oil to Britain's energy market.
| Issuer: | IGas Energy plc
|
| Issue: | Senior secured bonds
|
| Amount: | $165 million
|
| Maturity: | Five years
|
| Coupon: | 10%
|
| Bookrunner: | ABG Sundal Collier Norge ASA
|
| Pricing date: | March 14
|
© 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.
