Puma to redeem all $410 million of its 6¾% senior notes due 2021

By Sarah Lizee

Olympia, Wash., Jan. 8 – Singapore’s Puma Energy Holdings Pte. Ltd. subsidiary, Puma International Financing SA, will redeem all $410 million of its 6¾% senior notes due 2021, according to a notice.

The company will use proceeds from a new offering of senior notes due 2026 to fund the redemption. Redemption of the existing notes is contingent on the new note offering.

The notes will be redeemed at 101.6875% plus accrued interest up to but excluding the redemption date.

The redemption date will be the later of Feb. 7 and one business day following the company receiving sufficient proceeds from the new offering to fund the redemption.

Law Debenture Trust Corp. plc is the trustee and Banque Internationale à Luxembourg SA is the paying agent.

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

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