5 May 2015 17:09
5 May 2015
Ophir Energy plc
Repayment of Unsecured Bonds
Ophir Energy plc ("Ophir") advises that certain bondholders have exercised their put option totalling approximately $45 million of the $150 million Unsecured Bonds that were previously issued by its subsidiary Salamander Energy plc ("Salamander"). The put option, at an option price of 101%, was triggered by the acquisition of Salamander by Ophir; the put option expired on 1 May 2015.
Ophir will be completing a review of its debt structure during the second half of 2015 with a view to optimising its balance sheet.
Ends
For Further Enquiries please contact:
Ophir Energy plc +44 (0)20 7811 2400
Geoff Callow, Head of Investor Relations
Brunswick Group +44 (0)20 7404 5959
Patrick Handley
Carolina Desmeules