Ophir Energy says put exercised for $45 million of Salamander bonds

By Wendy Van Sickle

Columbus, Ohio, May 5 – Ophir Energy plc said holders exercised their put option for $45 million of the 9¾% senior callable bonds, issue 2013/2020, previously issued by its subsidiary Salamander Energy plc.

The put option for the $150 million bonds expired Friday, according to a Tuesday news release.

As previously reported, the put option, at 101% of par plus accrued interest, was triggered by the March acquisition of Salamander by Ophir.

Ophir will complete a review of its debt structure during the second half of 2015 in attempt to optimize its balance sheet, the news release stated.

Ophir is an oil and gas exploration company based in London and operating in Africa. Its subsidiary Salamander is an oil and gas exploration and production business with activities focused on South East Asia.

© 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.