ShaMaran Closes Initial USD 111.5 Million Bond Issue
VANCOUVER, BC, July 30, 2021 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM – TSXV, NASDAQ First North Growth Market (Stockholm)) is pleased to announce that it has completed the initial issue of USD 111.5 million principal amount of 12% senior unsecured bonds due 2025, which settled today and were issued at 98.5% of nominal value for gross cash proceeds of USD 109.8 million. The bonds issued today form part of the larger USD 300 million senior unsecured bond 2021/2025 (ISIN NO 0011057622) previously announced on July 16, 2021, of which the USD 188.5 million balance