Business
Notice of delayed interest payments on notes
Nostrum Oil & Gas PLC's subsidiary, Nostrum Oil & Gas Finance B.V., has delayed interest payments on its Senior Secured and Senior Unsecured Notes, due by June 30, 2025, and December 31, 2025, due to a payment administration issue preventing transactions through clearing systems, though the company states this does not reflect solvency or liquidity problems as funds are available. The Issuer has applied for regulatory licenses to facilitate the payment and has made the second consent fee payment, meaning the delay does not currently constitute a default or event of default. Disclaimer*
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n\n \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\n\n\nLondon and the Netherlands, 2 January 2026\n \nNotification of delayed interest payments on the Senior Secured and Senior Unsecured Notes\nNostrum Oil & Gas Finance B.V. (the \"Issuer\"), a wholly-owned subsidiary of Nostrum Oil & Gas PLC (the \"Parent\"), was required by 30 June 2025 to have paid accrued interest in accordance with the terms and conditions of the Issuer's outstanding notes with ISIN USN64884AF16, US66978CAF95, USN64884AE41 and US66978CAD48 (the \"Notes\"). The Issuer was subsequently required to have paid accrued interest on the Notes by 31 December, 2025, and such amount remains unpaid. The Notes are guaranteed by, among other entities, the Parent.\nThe delay is the result of the continuing payment administration issue which currently does not permit the Issuer to make a payment on the Notes through the clearing systems. The Issuer has applied for the applicable regulatory licences to make such payment. The delay in the interest payments does not reflect any issue of the Parent's or Issuer's solvency or liquidity. All underlying funds for making the interest payments are available and secured.\nThe Issuer has made the second consent fee payment as set out in the terms of the previously consummated consent solicitation which shall mean that no default or event of default is caused by the failure to make the interest payment on the Notes at this time. Payment of the applicable consent fees shall be made by the relevant agent to the eligible holders in the coming days.\nTiming\nThe Parent thanks holders of the Notes for their support and participation surrounding these third party issues which have affected the interest payment due on the Notes.\nLEI: 2138007VWEP4MM3J8B29\n \n \nFurther information\nFor further information please visit www.nostrumoilandgas.com \n \nFurther enquiries:\nNostrum Oil & Gas PLC\nThomas Hartnett - Chief Legal Officer / Company Secretary\[email protected]\n &nb...