Genel Energy PLC (GENL) 
Genel Energy PLC: Intention to refinance 
 
11-Sep-2020 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                      11 September 2020 
 
           Genel Energy plc 
 
           Intention to refinance 
 
Genel Energy plc ('Genel' or 'the Company') has engaged Pareto Securities to 
   organise a roadshow with international credit investors. The Company may, 
 subject to market conditions and acceptable terms on the new issue, raise a 
  new five-year bond of up to $300 million to replace the Company's existing 
                      bond maturing in December 2022. 
 
 Genel had cash in excess of $350 million at 30 August 2020, and net cash of 
        $55 million. The Company maintains a positive outlook, a strategy of 
       maintaining a robust balance sheet through cycles, and is proactively 
                    managing its liquidity runway and debt maturity profile. 
 
           -ends- 
 
                      For further information, please contact: 
 
Pareto Securities                     +47 22 87 87 71 
 
Fixed income sales 
 
Genel Energy                          +44 20 7659 5100 
 
Andrew Benbow, Head of Communications 
 
Vigo Communications                   +44 20 7390 0230 
 
Patrick d'Ancona 
 
This announcement includes inside information. 
 
Disclaimer: 
 
 This announcement does not constitute an offer to sell or a solicitation of 
 an offer to buy any securities, or an offer to sell or a solicitation of an 
offer to buy any securities, in any jurisdiction to any person to whom it is 
        unlawful to make such an offer or solicitation in such jurisdiction. 
 
This announcement is not for general publication, release or distribution in 
     the United States or in any jurisdiction where such distribution or use 
           would be contrary to local law or regulation or would require any 
                      registration or licensing within such jurisdiction. 
 
                      Notes to editors: 
 
      Genel Energy is a socially responsible oil producer listed on the main 
 market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). 
     The Company is one of the largest London-listed independent hydrocarbon 
   producers, with an asset portfolio that positions us well for a future of 
         fewer and better natural resources projects. Genel has low-cost and 
  low-carbon production from the Taq Taq and Tawke licences in the Kurdistan 
    Region of Iraq, providing financial resilience that allows investment in 
growth and the payment of a material and sustainable dividend, even at a low 
 oil price. Genel also continues to pursue further growth opportunities. For 
               further information, please refer to www.genelenergy.com [1]. 
 
ISIN:          JE00B55Q3P39 
Category Code: MSCM 
TIDM:          GENL 
LEI Code:      549300IVCJDWC3LR8F94 
Sequence No.:  83914 
EQS News ID:   1130185 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=3ec46b352f38452116096dbbab51b09e&application_id=1130185&site_id=vwd&application_name=news

(END) Dow Jones Newswires

September 11, 2020 02:00 ET (06:00 GMT)

Genel Energy (LSE:GENL)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more Genel Energy Charts.
Genel Energy (LSE:GENL)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more Genel Energy Charts.