WED MARCH 12 2025-theGBJournal| Seplat Energy Plc, listed on the Main Market of the London Stock Exchange (LSE: SEPL) and the Premium Board of the Nigerian Exchange Limited (NGX: SEPLAT), Tuesday launched an offering of USD$650 million Senior Notes due 2030.
Seplat Energy said while announcing the Senior Notes Offering that the net proceeds of the Offering will be used to repurchase Issuer’s outstanding 7.750% Senior Notes due 2026 and pay transaction fees and expenses.
The Tender Offer will expire at 5:00 p.m., New York City time, on March 18, 2025 unless the Company extends the Offer, Seplat said.
According to the energy company, ”it is anticipated that the Settlement Date for the Notes will be March 21, 2025, the third business day after the Expiration Deadline.
It is anticipated that the Guaranteed Delivery Settlement Date for such Notes delivered by the Guaranteed Delivery Deadline will be March 21, 2025, the first business day after the Guaranteed Delivery Deadline.”
Citigroup Global Markets Limited, J.P. Morgan Securities plc, Rand Merchant Bank, a division of FirstRand Bank Limited, The Standard Bank of South Africa Limited and Standard Chartered Bank are listed as the deal managers.
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