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An update from SEPLAT Petroleum Development ( (GB:SEPL) ) is now available.
Seplat Energy Plc has announced a proposed offering of USD$650 million Senior Notes due 2030, with the aim of refinancing its existing 7.750% Senior Notes due 2026. This financial maneuver is intended to optimize the company’s debt profile and is contingent upon the successful completion of a concurrent tender offer for the outstanding 2026 Notes. The outcome of these transactions could significantly impact Seplat’s financial strategy and market positioning.
More about SEPLAT Petroleum Development
Seplat Energy Plc is a prominent player in the energy sector, listed on both the London Stock Exchange and the Nigerian Exchange Limited. The company focuses on oil and gas exploration and production, primarily operating in Nigeria and the United Kingdom.
YTD Price Performance: -13.85%
Average Trading Volume: 416,928
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £988.4M
Learn more about SEPL stock on TipRanks’ Stock Analysis page.