Hurricane Energy buys back $15 million of 7.5% convertibles due 2022

By Rebecca Melvin

Concord, N.H., Dec. 8 – Hurricane Energy plc’s Hurricane GLA Ltd. subsidiary repurchased $15 million of its 7.5% convertible bonds due 2022 for $14 million plus accrued interest.

Following cancellation of the notes, which were acquired from Stifel Nicolaus Europe Ltd., there will be $137,016,000 principal amount of the $230 million issue remaining outstanding.

The debt repayment saves $1.8 million of interest charges.

Hurricane Energy is a Godalming, U.K.-based oil and gas company.

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