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Published on 9/29/2016 in the Prospect News High Yield Daily.

Hellenic Petroleum eyes notes offering to refinance 8% notes due 2017

Portland, Ore., Sept. 29 – Greece-based Hellenic Petroleum SA plans to price an issue of senior notes due 2021 on Oct. 7, according to press releases issued by the company on Thursday.

Credit Suisse Securities (Europe) Ltd. and HSBC Bank plc are the global coordinators. Eurobank Ergasias SA, Alpha Bank AE, NBG Securities SA and Piraeus Bank SA are the joint bookrunners.

The Marousi, Greece-based oil company plans to use the proceeds to fund the tender for its €489,382,000 of outstanding 8% guaranteed notes due May 2017 issued by its wholly owned subsidiary, Hellenic Petroleum Finance plc, and to repay debt.


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