Gulf Keystone mandates Pareto ahead of possible $100 million bonds

Portland, Ore., June 26 – Gulf Keystone Petroleum Ltd. mandated Pareto Securities to arrange fixed-income investor meetings in conjunction with a potential bond issue, according to a Tuesday press release.

Following the meetings and subject to market conditions and acceptable terms, a $100 million offering of five-year senior notes may take place, the release stated.

Proceeds will be used to refinance Gulf Keystone’s existing $100 million of guaranteed notes due 2021.

Subject to market conditions, offer restrictions and the successful closing of the new notes, Gulf Keystone has invited holders of its existing notes to exchange them for the new notes.

The company intends to redeem any of the existing notes not tendered for exchange.

London-based Gulf Keystone is an independent oil and gas exploration, development and production company focused on exploration in the Kurdistan Region of Iraq.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.