Singapore’s Puma Energy mandates banks for dollar eight-year notes

By Rebecca Melvin

New York, Jan. 8 – Puma Energy Holdings Pte. Ltd. mandated banks and was holding investor calls on Monday for a benchmark-sized offering of dollar-denominated eight-year notes, which are non-callable for three years, according to a market source.

The notes come with three years of call protection.

BofA Merrill Lynch (global coordinator), ING, MUFG and Societe Generale are joint bookrunners and joint lead managers of the Rule 144A and Regulation S senior unsecured notes that will follow, subject to market conditions.

Proceeds are earmarked to redeem the principal amount outstanding of 2021 notes, with any remaining proceeds to repay certain amounts drawn under revolving credit facilities.

Redemption of the existing notes is contingent on the new notes offering.

Puma is a Singapore-based oil and gas products and services company.

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