Neptune Offers $300mn in Senior Notes

North Sea-focused Neptune Energy is offering a further $300mn of senior debt notes at 6.625% due 2025, the company said in a statement on October 21.

The offering should close on or around October 25, with interest payable on a semi-annual basis. Neptune will use proceeds to partially repay drawn commitments under its reserves-based lending facility, it said.

Neptune, which agreed this month to buy North Sea assets soon to be acquired by Energean Oil & Gas for $280mn, also launched a $500mn senior note offering on October 14. These notes are due 2026.