Genel Energy PLC Refinancing of GENEL01 completed (2039A)
December 22 2017 - 3:45AM
UK Regulatory
TIDMGENL
RNS Number : 2039A
Genel Energy PLC
22 December 2017
22 December 2017
Genel Energy plc
Refinancing of GENEL01 completed
Reference is made to the press release on 20 December 2017,
wherein Genel Energy plc ('the Company') announced the bondholders'
approval of the refinancing proposal originally announced on 6
December 2017.
The Company has today completed all conditions for the
refinancing, including the change of issuer. The new terms as
described in the refinancing proposal have been implemented, and
the redeemed amount, plus accrued interest to and including 21
December 2017, will be settled today.
-ends-
For further information, please contact:
Genel Energy
Phil Corbett, Head of Investor
Relations
Andrew Benbow, Head of Public
Relations +44 20 7659 5100
Vigo Communications +44 20 7830 9700
Patrick d'Ancona
Notes to editors:
Genel Energy is an independent oil and gas exploration and
production company listed on the main market of the London Stock
Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company, with
headquarters in London and offices in Ankara and Erbil, is one of
the largest London-listed independent oil producers, and is the
largest holder of reserves and resources in the Kurdistan Region of
Iraq. Through its Miran and Bina Bawi gas fields, the Company is
positioned to be a cornerstone provider of KRI gas to Turkey under
the KRI-Turkey Gas Sales Agreement. Genel also continues to pursue
further growth opportunities within the Middle East and Africa. For
further information, please refer to www.genelenergy.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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