An update from SEPLAT Petroleum Development ( (GB:SEPL) ) is now available.
Seplat Energy Plc has announced a tender offer to purchase for cash any and all of its outstanding 7.750% Senior Notes due 2026. This move is part of the company’s strategy to manage its financial liabilities and cost of debt financing. The tender offer is contingent upon certain conditions, including the successful pricing of a new notes offering. The company intends to give preference to investors who tender their notes when allocating new notes, although it is not obligated to do so.
More about SEPLAT Petroleum Development
Seplat Energy Plc is a public limited liability company based in Nigeria, operating in the energy sector. The company focuses on the exploration, development, and production of oil and gas resources, aiming to manage its financial liabilities and cost of debt financing.
YTD Price Performance: -13.85%
Average Trading Volume: 416,928
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £988.4M
For an in-depth examination of SEPL stock, go to TipRanks’ Stock Analysis page.