Business
Genel Energy PLC: Result of bond buy-back off...
Genel Energy PLC: Result of bond buy-back off....
About this update from Genel Energy Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nGenel Energy PLC (GENL)\n\n\n\n\n\n\nGenel Energy PLC: Result of bond buy-back offer to bondholders 21-Aug-2024 / 07:00 GMT/BST\n\n\n \n\n \n\n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR TO ANY U.S. PERSON, OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.\n\n \n\n21 August 2024\n\n \n\nGenel Energy plc\n\n(‘Genel’)\n\n \n\nResult of bond buy-back offer to bondholders\n\n \n\nGenel Energy Holding Company Limited (‘the Company’) refers to announcement made by Genel on 6 August 2024, and is hereby announcing the result of the reverse tender offer (‘the Buy-Back Offer’) to holders of Genel Energy 4 Finance plc’s (‘the Issuer’) USD 300 million senior unsecured callable bonds with ISIN NO0010894330 (‘the Bonds’). \n\n \n\nThe Company has accepted offers for USD 107 million nominal value of bonds with the Maximum Accepted Price set to 102 per cent of nominal value. \n\n \n\nCash settlement for the Bonds, including accrued interest, is expected to occur on Friday 23 August 2024. Pareto Securities acted as broker for the Buy-Back Offer.\n\n \n\n-ends-\n\n \n\nFor further information, please contact: \n\n \n\n\n Genel Energy\n\n Luke Clements, Chief Financial Officer\n \n \n +44 20 7659 5100\n \n \n \n \n \n \n \n \n Vigo Consulting\n\n Patrick d’Ancona \n \n \n +44 20 7390 0230\n \n \n\nThis announcement includes inside information.\n\n \n\nNotes to editors:\n\n \n\nGenel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94), with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Kurdistan Region of Iraq, and continues to seek opportunities to add new resilient and cash-generative assets to its portfolio. For further information, please refer to www.genelenergy.com.\n\n \n\nDISCLAIMER\n\n \n\nThe distribution of the Buy-Back Offer in certain jurisdictions may be re...