Thursday, June 20, 2019

Puma Energy Launches $750m 8NC3 Bond at 5%

Posted by January 9, 2018

Puma Energy launches US$750m 8NC3 at 5%. Books greater than US$2.1bn at the tight end of guidance.
 
Pricing to follow
* Guidance at 5.125% (+/-0.125%) wpir. Size remains USD benchmark. Books over US$1.7bn (2.06pm) * IPTs 5.25% area for USD benchmark 8NC3. Today's business
 
Puma Energy Holdings Pte. Ltd. (“Puma Energy”) rated Ba2/BB (Moody’s/Fitch) has mandated Bank of America Merrill Lynch as global coordinator, and Bank of America Merrill Lynch, ING, MUFG and Societe Generale (SGE.SG) as joint lead managers, to arrange a Global Investor Call at 10:00 UKT and 14:30 UKT on Monday, 8th January 2018.

A Rule 144a/RegS senior unsecured USD benchmark fixed rate 8NC3 offering will follow, subject to market conditions. Use of proceeds are intended to redeem the principal amount outstanding under the 2021 Senior Notes and with any remaining net proceeds used to repay certain amounts drawn under the Revolving Credit Facilities.

Puma Energy has today issued a notice of redemption for the outstanding 2021 Senior Notes, such redemption being conditional on closing of the new notes offering.

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