Ithaca Energy Reinforces Financial Strategy Post-Merger
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Ithaca Energy Reinforces Financial Strategy Post-Merger

Ithaca Energy PLC (GB:ITH) has released an update.

Ithaca Energy PLC has announced a strategic refinancing move following its major business combination with Eni S.p.A.’s UK upstream oil and gas assets, issuing $700 million in senior notes and securing $1,235 million in commitments for amended lending facilities. The proceeds will be utilized to redeem existing high-interest debt, reinforce liquidity, and support growth opportunities. This financial restructuring aligns with the company’s growth trajectory and commitment to enhancing shareholder value and UK energy security.

For further insights into GB:ITH stock, check out TipRanks’ Stock Analysis page.

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