Enquest (GB:ENQ) has released an update.
EnQuest PLC has announced the pricing of a new bond issue totaling $160 million at 11⅝% interest, set to mature in 2027. The newly issued bonds are an addition to an existing series from October 2022 and will be used to repay the company’s second lien term loan and for general corporate purposes. The offering is exclusive to qualified institutional buyers in the U.S. and to non-U.S. persons internationally, under specific securities regulations.
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