ShaMaran Petroleum (TSE:SNM) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
ShaMaran Petroleum Corp. has announced that its bondholders have endorsed amendments to extend the maturity of its 12% senior unsecured bonds, originally due in July 2025, to July 2027. Additionally, the company is initiating a buy-back tender offer to repurchase approximately 21% of these bonds, aiming to reduce the outstanding amount by $47 million. The tender offer period is scheduled to run from June 11 to June 21, 2024.
For further insights into TSE:SNM stock, check out TipRanks’ Stock Analysis page.