Origin Energy’s 1% notes due 2029 to be redeemed if acquisition OK’d

By Mary-Katherine Stinson

Lexington, Ky., Nov. 2 – Origin Energy Finance Ltd. said it has been informed that its €600 million 1% notes due Sept. 17, 2029 will be fully redeemed should the proposed acquisition of Origin Energy Ltd. be approved, according to a notice.

A Brookfield‐led consortium of investors and EIG Management Co., LLC is seeking to acquire all the issued shares in Origin by way of scheme of arrangement.

If the scheme proceeds, the consortium would redeem the notes at, or shortly after, the scheme’s completion. Should the scheme not proceed, Origin stated it has no plans to redeem the notes early.

The notes are guaranteed by Origin Energy Ltd., an electricity and gas supplier with headquarters in Sydney, Australia.

The notes were issued under the company’s $10 billion euro medium-term note program.

© 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.