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Panoro Energy - Receipt of Bond Proceeds and Full Redemption of RBL Facility
20 Dec 2024 17:09 CET
Issuer
Panoro Energy ASA
Oslo, 20 December 2024 - Reference is made to the announcement made by Panoro
Energy ASA ("Panoro" or the "Company") on 27 November regarding the successful
placement of USD 150 million new senior secured bonds (the "Bonds" or "Bond
Issue").
The Company is pleased to announce that the net proceeds from the Bond Issue
have now been released from escrow and used in part to fully repay the
outstanding amount drawn under the Company's Reserve Based Lending facility of
USD 82.5 million plus all accrued and outstanding interest. The remaining net
proceeds from the Bond Issue will be used for general corporate purposes.
Enquiries
Qazi Qadeer, Chief Financial Officer
Tel: +44 203 405 1060
Email: investors@panoroenergy.com
About Panoro
Panoro Energy ASA is an independent exploration and production company based in
London and listed on the main board of the Oslo Stock Exchange with the ticker
PEN. Panoro holds production, exploration and development assets in Africa,
namely interests in Block-G, Block S, Block EG-01 and Block EG-23 offshore
Equatorial Guinea, the Dussafu Marin, Niosi Marin and Guduma Marin blocks
offshore southern Gabon, the TPS operated assets, Sfax Offshore Exploration
Permit and Ras El Besh Concession, offshore Tunisia, and onshore Exploration
Right 376 in South Africa.
Visit us at www.panoroenergy.com.
Follow us on LinkedIn (https://www.linkedin.com/company/panoro-energy)
More information:
Access the news on Oslo Bors NewsWeb site
635495_Panoro_Energy_Receipt_of_Bond_Proceeds_and_Full_Redemption_of_RBL_Facility.pdf
Source
Panoro Energy ASA
Provider
Oslo Børs Newspoint
Company Name
PANORO ENERGY
ISIN
NO0010564701
Symbol
PEN
Market
Oslo Børs