Business
Launch of €400m Senior Secured Notes Offering
Energean PLC announced the launch of an offering of €400 million in aggregate principal amount of senior secured notes due in 2031. The company intends to use the gross proceeds from this offering to redeem all of its outstanding 6.50% senior notes due 2027, fund cash on the balance sheet, and cover related fees and expenses. The pricing of the offering will be announced prior to its completion, should it reach the pricing stage. The management plans to hold a global roadshow with institutional investors in connection with the offering. Disclaimer*
About this update from Energean Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT IS NOT BEING MADE IN, AND COPIES OF IT MAY NOT BE DISTRIBUTED OR SENT, DIRECTLY OR INDIRECTLY, INTO THE UNITED STATES (EXCEPT THAT IT MAY BE SENT IN THE UNITED STATES DIRECTLY TO QUALIFIED INSTITUTIONAL BUYERS, AS DEFINED IN RULE 144A UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED), CANADA, JAPAN, THE UNITED KINGDOM, UNITED ARAB EMIRATES OR SINGAPORE OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.\nEnergean plc announces the launch of an offering of €400.0 million senior secured notes due 2031\nLondon, October 27, 2025\nEnergean plc (\"Energean\") (LSE: ENOG, TASE: א) and together with its consolidated subsidiaries, the \"Group\") is pleased to announce that it has launched an offering (the \"Offering\") of €400,000,000 in aggregate principal amount of senior secured notes due 2031 (the \"Notes\"). Energean intends to use the gross proceeds from the Offering to redeem all of its outstanding 6.50% senior notes due 2027, to fund cash on balance sheet and to pay related fees and expenses.\nThe Group will announce the pricing of the Offering prior to its completion, if the Offering reaches the pricing stage. The management of the Group intends to hold a global roadshow with institutional investors in connection with the Offering.\nThe Notes will be offered subject to prevailing market and other conditions. There is no assurance that the Offering will be completed or, if completed, as to the terms on which it is completed. Nothing in the announcement will serve to create any type of commitment whatsoever on the part of the Group to carry out the Offering and does not constitute a public offering, a tender or other offer of any kind, or solicitation to purchase securities of Energean.\nEnquiries\nKyrah McKenzie, Investor Relations Manager Tel: +44 (0) 7921 210 862\nE-mail: [email protected]\nEliana Fishler, Group Head of Communications & Public Affairs\nTel: +972 (0) 54 434 2040\nE-mail: [email protected]\n\n\n \nImportant Information\n___________________________________\nThe Notes have not been and will not be registered under the Securities Act of 1933, as amended (the \"Securities Act\") or any state securities laws and may not be offered or sold in the United States or for the account or benefit of any US person or in any way distributed in the United States absent registrat...