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ShaMaran Petroleum’s GEP to call all $117 million of existing bonds
By Tali Rackner
Minneapolis, June 19 – ShaMaran Petroleum Corp. said wholly owned subsidiary General Exploration Partners Inc. plans to call all of its roughly $117 million of existing bonds in connection with ShaMaran’s new placement of $240 million of senior unsecured bonds, according to a press release.
The company said it will issue call notices to bondholders who have not offered to roll their existing bonds into the new five-year bonds.
Settlement is expected on or around July 5.
ShaMaran Petroleum is a Kurdistan-focused oil development and exploration company based in Vancouver, B.C.
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