The latest announcement is out from SEPLAT Petroleum Development ( (GB:SEPL) ).
Seplat Energy Plc announced the successful results of its tender offer to purchase for cash all of its outstanding 7.750% Senior Notes due 2026. The company accepted $567,462,000 in aggregate principal amount of the notes, representing approximately 87.3% of the total outstanding, with settlement expected on March 21, 2025. This move is part of Seplat’s strategic financial management to optimize its capital structure, potentially enhancing its market positioning and operational efficiency.
More about SEPLAT Petroleum Development
Seplat Energy Plc is a leading energy company in the petroleum development industry, primarily focused on oil and gas exploration and production. The company operates in the Nigerian market, contributing significantly to the energy sector with its extensive portfolio of assets and operations.
YTD Price Performance: -10.26%
Average Trading Volume: 390,790
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.03B
See more insights into SEPL stock on TipRanks’ Stock Analysis page.