Maha Energy to redeem up to SEK 500 million secured bonds

By Rebecca Melvin

Concord, N.H., April 9 – Maha Energy AB informed holders of up to SEK 500 million senior secured bonds (ISIN: SE0009889751) of its intention to redeem the bonds in full pending disbursement conditions under a new credit agreement, according to a company news release.

The May 5 redemption will be made at par plus accrued and unpaid interest to holders of record on April 8.

Settlement is expected to occur on April 28 and the bonds will be delisted from Nasdaq Stockholm.

The early redemption is conditional on the disbursement conditions of the company’s credit agreement with Banco BTG Pactual SA.

Stockholm-based Maha Energy is an oil and gas exploration and production company.

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