Part Of Todays Afren R.NS12 Nov 2013 14:45
Afren plc Announces Tender Offer for any and all of its $500,000,000 11½% Senior Secured Notes due 2016 and up to $100,000,000 of its outstanding $300,000,000 10¼% Senior Secured Notes due 2019
12 November 2013 - Afren plc (the "Offeror") announces today that it is offering to purchase for cash (i) any and all of its outstanding $500 million 11½% Senior Secured Notes due 2016 (the "2016 Notes") and (ii) up to a maximum aggregate principal amount of $100 million (the "Maximum Acceptance Amount") of its outstanding $300 million 10¼% Senior Secured Notes due 2019 (the "2019 Notes," and together with the 2016 Notes, the "Notes") from holders of the Notes (collectively, "Holders"), as further described in the offer to purchase dated as of 12 November 2013 (the "Offer to Purchase") to be distributed to Holders. The offers to purchase the 2016 Notes (the "2016 Notes Tender Offer") and the offer to purchase the 2019 Notes (the "2019 Notes Tender Offer") are collectively referred to herein as the "Tender Offers". Capitalized terms used but not otherwise defined in this press release shall have their meanings given to them in the Offer to Purchase.