Energean Israel plans refinancing offer of $650 million 10-year notes

Chicago, June 20 – Energean plc’s subsidiary Energean Israel Finance Ltd. is planning to offer $650 million of senior secured notes due in 2033 (Ba3/BB-), according to a notice.

Proceeds will be used to repay in full the issue of $625 million of 4½% senior secured notes due 2024.

Distribution will be through Rule 144A and Regulation S.

The notes will be listed in Tel Aviv.

Energean is a London-based hydrocarbon exploration and production company focused on the Eastern Mediterranean region.

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