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Dana Gas And Crescent Petroleum Announce Successful $500 Mln Bond Placement By Pearl Petroleum

By Reuters News

Nov 4 (Reuters) - Dana Gas PJSC DANA.AD:

  • DANA GAS PJSC: DANA GAS AND CRESCENT PETROLEUM ANNOUNCE SUCCESSFUL US$500 MILLION BOND PLACEMENT BY PEARL PETROLEUM

  • DANA GAS: PROCEEDS WILL BE USED TO REFINANCE PEARL PETROLEUM’S EXISTING US$350 MILLION SENIOR SECURED BOND

  • DANA GAS - $500 MILLION SENIOR SECURED BOND PLACED AT A FIXED COUPON OF 10.375%, WITH A FIVE-YEAR MATURITY

  • DANA GAS: PROCEEDS WILL BE USED TO SUPPORT FURTHER DEVELOPMENT AT KHOR MOR AND CHEMCHEMAL, AND FOR GENERAL CORPORATE PURPOSES

  • DANA GAS: PROCEEDS WILL BE USED TO FUND THE REQUIRED DEBT SERVICE RESERVE ARRANGEMENTS

Source text: [ID:]

Further company coverage: DANA.AD

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