Seplat Petroleum Development Co PLC Proposed Bond Issue 2021 (0620T)
22 Marzo 2021 - 06:32AM
UK Regulatory
TIDMSEPL
RNS Number : 0620T
Seplat Petroleum Development Co PLC
22 March 2021
THIS INFORMATION RELATES TO AN OFFERING OF SECURITIES OFFERED
AND SOLD PURSUANT TO RULE 144A AND/OR REGULATION S (EXEMPTIONS FROM
THE U.S. REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933)
AND IS ONLY DIRECTED AT QUALIFIED INSTITUTIONAL BUYERS UNDER RULE
144A OR OUTSIDE THE UNITED STATES OF AMERICA UNDER REGULATION S TO
WHOM THE DISTRIBUTION OF THIS INFORMATION, WHETHER DIRECTLY OR
INDIRECTLY, IS NOT OTHERWISE UNLAWFUL.
Seplat Petroleum Development Company Plc ("Seplat" or "the
Company")
Proposed Bond Issue
Lagos and London - March 22, 2021
Seplat Petroleum Development Company Plc (ticker: SEPL LN /
SEPLAT NL), a leading independent indigenous upstream oil and gas
company operating in Nigeria and rated B2 by Moody's, B by S&P
and B- by Fitch, has mandated Citi, J.P. Morgan, Standard Bank and
Standard Chartered Bank as Joint Global Coordinators and Natixis,
Rand Merchant Bank and Société Générale as Joint Bookrunning
Managers to organize a Global Investor Call at 3:00pm UKT on 22
March 2021 along with a series of 1x1 meetings with fixed income
investors. A benchmark 5NC2 year US$-denominated Regulation S/Rule
144A senior unsecured guaranteed notes offering will follow,
subject to market conditions. Use of proceeds will be to redeem the
existing Seplat 2023 notes, repay drawings under the Revolving
Credit Facility, for general corporate purposes, and to pay
transaction fees and expenses.
The information contained in this communication shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of the securities referred to herein in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction.
Seplat Petroleum Development Company Plc (the "Company") has not
registered, and does not intend to register, any portion of the
securities in any of these jurisdictions.
This communication is not an offer of securities for sale in the
United States. The securities referred to herein have not been
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act") and may not be offered or sold in the United
States absent registration or an exemption from registration under
the Securities Act, and the rules and regulations thereunder. The
Company does not intend to register any of the securities in the
United States or to conduct a public offering of the securities in
the United States or elsewhere.
Manufacturer target market (EU MiFID II product governance / UK
MiFIR product governance) is eligible counterparties and
professional clients only (all distribution channels). No EU PRIIPs
/ UK PRIIPs key information document (KID) has been prepared as the
securities are not available to retail in EEA or the United
Kingdom.
This communication does not constitute an offer of the
securities to the public in the United Kingdom. This communication
is being distributed to and is directed only at (i) persons who are
outside the United Kingdom or (ii) persons who are investment
professionals within the meaning of Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order"), and (iii) high net worth entities, and other persons to
whom it may lawfully be communicated, falling within Article
49(2)(a) to (d) of the Order, and (iv) any other persons to whom it
may otherwise lawfully be communicated or caused to be communicated
(all such persons in (i) to (iv) together being referred to as
"Relevant Persons"). Any investment activity to which this
communication relates will only be available to and will only be
engaged with, Relevant Persons. Any person who is not a Relevant
Person should not act or rely on this document or any of its
contents.
A rating is not a recommendation to buy, sell or hold securities
and may be subject to revision, suspension, reduction or withdrawal
at any time by the assigning rating agency. Similar ratings for
different types of issuers and on different types of securities do
not necessarily mean the same thing. The significance of each
rating should be analysed independently from any other rating.
The distribution of this announcement into certain jurisdictions
may be restricted by law. Persons into whose possession this
announcement comes should inform themselves about and observe any
such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such
jurisdiction.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT
APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH
DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A
RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER
EMAIL SYSTEM.
- ENDS -
Enquiries:
Seplat Petroleum Development Company Plc +234 1 277 0400
Emeka Onwuka, Chief Financial Officer
EOnwuka@seplatpetroleum.com
Brian Marcus, Head of Corporate Finance
BMarcus@seplatpetroleum.com
Seplat Investor Relations ir@seplatpetroleum.com
Notes to editors
Seplat Petroleum Development Company Plc is Nigeria's leading
indigenous energy company. It is listed on the Premium Board of the
Nigerian Stock Exchange (NSE: SEPLAT) and the Main Market of the
London Stock Exchange (LSE: SEPL).
Seplat is pursuing a Nigeria-focused growth strategy and is well
positioned to participate in future asset divestments by
international oil companies, farm-in opportunities, and future
licensing rounds. The Company is a leading supplier of gas to the
domestic power generation market. For further information please
refer to the Company website, http://seplatpetroleum.com/
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END
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March 22, 2021 08:32 ET (12:32 GMT)
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