Genel Energy PLC (GENL) 
Genel Energy PLC: Successful completion of bond issuance 
 
25-Sep-2020 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                      25 September 2020 
 
           Genel Energy plc 
 
           Successful completion of bond issuance 
 
  Genel Energy plc ('Genel' or 'the Company') has successfully completed the 
       issuance of a new $300 million senior unsecured bond with maturity in 
 October 2025. The new bond will have a fixed coupon of 9.25% per annum. The 
    transaction is subject to customary closing conditions and settlement is 
                      expected to occur on or about 14 October 2020. 
 
     In connection with the issue, the Company has agreed to repurchase $223 
  million of its existing $300 million senior unsecured bond issue with ISIN 
NO 001071088.2 and maturity date in December 2022 ('GENEL01 PRO'). Genel has 
  the option to call the outstanding bond amount in December 2020 at a price 
                      equal to 105% of the nominal amount. 
 
       Pareto Securities acted as bookrunner and manager for the bond issue. 
 
           -ends- 
 
                      For further information, please contact: 
 
Genel Energy                          +44 20 7659 5100 
 
Andrew Benbow, Head of Communications 
 
Vigo Communications                   +44 20 7390 0230 
 
Patrick d'Ancona 
 
                      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.:  84848 
EQS News ID:   1136533 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=3ec46b352f38452116096dbbab51b09e&application_id=1136533&site_id=vwd&application_name=news

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September 25, 2020 02:00 ET (06:00 GMT)

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