Business
Announcement of $350 million Bond Pricing
Announcement of $350 million Bond Pricing.
About this update from Seplat Energy Plc
[{"type":"text","content":"\n \nRNS Number : 4877H SEPLAT Petroleum Development Co PLC 13 March 2018 \n\n13 March 2018\nSeplat Petroleum Development Company Plc\n(\"Seplat\" or the \"Company\")\nAnnouncement of pricing of offering of $350 million 9.25% senior notes due 2023 \nSeplat today announced that it has priced its offering of $350 million in aggregate principal amount of 9.25% senior notes due 2023 (the \"Notes\"). The Notes will be issued by the Company and guaranteed by certain of its subsidiaries. The gross proceeds of the Notes will be used to repay and cancel existing indebtedness. \nThis announcement contains inside information under Article 17 of Regulation (EU) 596/2014 (16 April 2014).\nIMPORTANT INFORMATION\nThis announcement is not an offer of securities of the Company for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended (the \"Securities Act\"), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States. Any offering of securities will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and its management, as well as financial statements. \nThis announcement is not an offering circular or an invitation to the public to acquire or dispose of any securities of the Company pursuant to the Nigerian Investments and Securities Act, No. 29 of 2007 (the \"ISA\") and the Rules and Regulations of the Nigerian SEC, 2013, as amended (\"Nigerian SEC Rules\"). The securities have not been registered under the ISA and may not be offered or sold within Nigeria to, or for the account or benefit of, persons resident in Nigeria, except to the extent that the relevant offering memorandum and the securities have been registered with the Nigerian SEC and its written approval obtained in accordance with the provisions of the ISA and the Nigerian SEC Rules.\nThis announcement is for information purposes only and is directed only at persons who are: (1) located outside the United States and are (a) persons in member states of the European Eco...