Moody’s: ENN Energy unaffected by tender offer

Moody's Investors Service said that ENN Energy Holdings Ltd.’s tender offer to repurchase up to $300 million of its outstanding $750 million senior notes – once completed – will have no immediate impact on its Baa3 issuer, senior unsecured ratings or positive outlook.

On Nov. 15, ENN announced its offer to repurchase up to $300 million of the notes due 2021. The last tender offer to early redeem dollar-denominated debt was completed in October 2015.

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