Business
Pricing of Senior Notes Offering
Pricing of Senior Notes Offering.
About this update from Harbour Energy Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO\n\nHarbour Energy plc (\"Harbour\")\nPricing of Senior Notes Offering\n25 March 2025\n \n \nHarbour is pleased to announce that it has priced an offering on 24 March 2025 (the \"Offering\") of $900 million in aggregate principal amount of 6.327% senior notes due 2035 (the \"Notes\").\n \nHarbour intends to use the proceeds from the Offering (i) to finance the purchase for cash any and all of its outstanding 5.5% Senior Notes due 2026 (the \"Tender Offer\"), in each case as validly tendered and accepted for purchase, (ii) at Harbour's election, for repayment of existing debt and for general corporate purposes and (iii) to pay certain costs, expenses and fees related to the Offering and the Tender Offer.\n \nConsummation of the Tender Offer is subject to the satisfaction or waiver of a number of conditions described in an Offer to Purchase, dated March 20, 2025 (the \"Offer to Purchase\"). Subject to applicable securities laws and the terms set forth in the Offer to Purchase, Harbour reserves the right to (i) waive or modify in whole or in part any and all conditions of the Tender Offer, (ii) extend, modify or terminate the Tender Offer or (iii) otherwise amend the Tender Offer in any respect. The Tender Offer is not conditioned on any minimum amount of notes being tendered.\n \nThe Offering is expected to close on or about April 1, 2025, subject to customary conditions precedent for similar transactions.\n \n\n\n\n\nEnquiries\n\n\n\n\nHarbour Energy plc\n\n\n\n\n+44 20 3833 2421\n\n\n\n\nAleksander Azarnov, SVP Corporate Finance, Marketing and Trading\n\n\n\n\nMo Farrag, VP Corporate Finance\n\n\n\n\nElizabeth Brooks, SVP Investor Relations\n\n\n\n\n \n \nCautionary Statement\nThe Offering is being made by means of an offering memorandum. This announcement is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security and shall not constitute an offer, solicitation or sale in the United States or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful...