Business
Pricing of €400m Senior Secured Notes
Energean PLC has priced an offering of €400 million in senior secured notes due in 2031. The notes will carry a fixed annual interest rate of 5.625%, payable semi-annually, beginning May 15, 2026. The company intends to use the proceeds 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 issuance of the notes is expected to be completed on November 10, 2025, pending standard closing conditions. The notes are expected to be admitted to the Official List of Euronext Dublin and trading on the Global Exchange Market thereof, subject to the approval of Euronext Dublin. 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 pricing of its offering of €400.0 million senior secured notes due 2031\nLondon, October 30, 2025\nEnergean plc (\"Energean\") (LSE: ENOG, TASE: א) is pleased to announce that it has priced the offering (the \"Offering\") of €400,000,000 aggregate principal amount of senior secured notes due 2031 (the \"Notes\"), with a fixed annual interest rate of 5.625% (the \"Notes\").\nThe interest on the Notes will be paid semi-annually in arrears, on May 15 and November 15 of each year, beginning on May 15, 2026.\nThe proceeds from the Offering are expected to be used to redeem all of Energean's outstanding 6.50% senior notes due 2027, to fund cash on balance sheet and to pay related fees and expenses.\nThe issuance of the Notes is expected to be completed on November 10, 2025, subject to customary closing conditions.\nThe Notes are expected to be admitted to the Official List of Euronext Dublin and trading on the Global Exchange Market thereof, subject to the approval of Euronext Dublin.\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\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 registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered only to qualified institutional buyers in the United States in accordance with Rule 144A under the Securities Act and to non-US pe...