Harbour Energy plc (“Harbour”)
Pricing of Senior Notes Offering
25 March 2025
Harbour is pleased to announce that it has priced an offering on 24 March 2025 (the “Offering”) of $900 million in aggregate principal amount of 6.327% senior notes due 2035 (the “Notes”).
Harbour intends to use the proceeds from the Offering (i) to finance the purchase for cash any and all of its outstanding 5.5% Senior Notes due 2026 (the “Tender Offer”), in each case as validly tendered and accepted for purchase, (ii) at Harbour’s election, for repayment of existing debt and for general corporate purposes and (iii) to pay certain costs, expenses and fees related to the Offering and the Tender Offer.
Consummation of the Tender Offer is subject to the satisfaction or waiver of a number of conditions described in an Offer to Purchase, dated March 20, 2025 (the “Offer to Purchase”). Subject to applicable securities laws and the terms set forth in the Offer to Purchase, Harbour reserves the right to (i) waive or modify in whole or in part any and all conditions of the Tender Offer, (ii) extend, modify or terminate the Tender Offer or (iii) otherwise amend the Tender Offer in any respect. The Tender Offer is not conditioned on any minimum amount of notes being tendered.
The Offering is expected to close on or about April 1, 2025, subject to customary conditions precedent for similar transactions.
Enquiries
Harbour Energy plc
+44 20 3833 2421
Aleksander Azarnov, SVP Corporate Finance, Marketing and Trading
Mo Farrag, VP Corporate Finance
Elizabeth Brooks, SVP Investor Relations