Kent Global announces bondholders tender $12.5 million of callable bonds

Chicago, April 23 – Kent Global plc announced that noteholders tendered $12.5 million in nominal value of their senior secured callable bonds (ISIN: NO0011032336), according to a notice.

The tender offer for up $30 million of the $64.8 million outstanding amount started on April 11.

Kent is buying the bonds for 104, plus interest.

Settlement is expected to occur on April 25.

Pareto Securities was the broker for the buyback offer.

The offer expired at 11 a.m. ET on April 22.

Kent is a Dubai-based privately owned engineering and project management firm in the energy sector.

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