Ithaca Energy PLC (GB:ITH) has released an update.
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Ithaca Energy PLC has announced the signing of a $1.235 billion reserves based lending facility and the pricing of $750 million senior notes with an 8 1/8% interest rate, due in 2029. The funds raised will be allocated to redeem existing senior notes, repay a loan, and cover refinancing expenses. This financial move, backed by significant global investor demand, underscores the company’s business strength and growth strategy following its merger with Eni UK.
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