Business
Notice of Redemption
Notice of Redemption.
About this update from Seplat Energy Plc
[{"type":"text","content":"\n\n \nAnnouncement\n \nSeplat Energy Plc (the \"Issuer\")\n \n$650,000,000 aggregate principal amount of 7¾% Senior Notes due 2026 (the \"Notes\")\nISIN: XS2325735897, Common Code: 232573589 (Regulation S)\nISIN: US81733LAB36, Common Code: 232572108, CUSIP: 81733LAB3 (Rule 144A)\n \n \nRedemption Date: April 1, 2025\n \nMarch 24, 2025: The Issuer announces that it gave notice pursuant to paragraph 8 of the Notes and Sections 3.01, 3.02, 3.04, 11.01 and 11.03 of the indenture dated April 1, 2021 among, inter alios, the Issuer, Citibank, N.A., London Branch, as trustee (the \"Trustee\"), and Citibank, N.A., London Branch as principal paying agent (the \"Paying Agent\"), paying agent, transfer agent and registrar (the \"Indenture\"), that the Issuer has elected to redeem the entire outstanding principal amount of the Notes outstanding on April 1, 2025 pursuant to paragraphs 6(b) and 8 of the Notes and Sections 3.02, 3.04 and 3.09(b) of the Indenture.\nThe terms and conditions of the redemption are as follows:\n1. The redemption date for the Notes will be April 1, 2025 (the \"Redemption Date\"). The record date, on which any holder of Notes must hold any Notes to be entitled to the Redemption Price (as defined below), will be March 31, 2025, being the Business Day immediately prior to the Redemption Date.\n \n2. The redemption price of the Notes is 100.000% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest from October 1, 2024 (the last Interest Payment Date for which interest on such Notes was paid) to (but not including) the Redemption Date, and Additional Amounts, if any (the \"Redemption Price\"). Assuming a Redemption Date of April 1, 2025, the Issuer will have paid prior to the Redemption Date, the accrued and unpaid interest from October 1, 2024, to, but excluding, the Redemption Date, which will be $ 3,198,347.5 ($1,038.75 per $1,000 denomination).\n \n3. The Notes called for redemption must be surrendered to Citibank N.A., London Branch as Paying Agent, at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, United Kingdom, Attention: Agency and Trust, to collect the Redemption Price plus accrued interest, if any, and A...