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Published on 4/11/2018 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Seven Energy Finance skips interest payment on 10¼% and 10½% notes

By Caroline Salls

Pittsburgh, April 11 – Seven Energy International Ltd.’s Seven Energy Finance Ltd. wholly owned subsidiary will not pay the interest due April 11 on its $300 million of 10¼% senior secured notes due 2021 and $100 million of 10½% notes due 2021, according to a news release.

The Nigeria-focused energy company is based in Lagos and London.


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