The latest update is out from SEPLAT Petroleum Development ( (GB:SEPL) ).
Seplat Energy Plc has announced the pricing of its $650 million offering of 9.125% senior notes due in 2030. The proceeds will be used to repurchase the company’s outstanding 7.750% senior notes due in 2026 and cover transaction fees and expenses. This financial maneuver aims to optimize Seplat’s debt structure and potentially enhance its market position by addressing existing liabilities.
More about SEPLAT Petroleum Development
Seplat Energy Plc operates in the energy sector, focusing primarily on oil and gas exploration and production. The company is based in Lagos, Nigeria, and London, United Kingdom, and is known for its commitment to sustainable energy solutions.
YTD Price Performance: -9.23%
Average Trading Volume: 395,728
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.02B
For a thorough assessment of SEPL stock, go to TipRanks’ Stock Analysis page.