Panoro Energy – Receipt of Bond Proceeds and Full Redemption of RBL Facility
Oslo, 20 December 2024 – Reference is made to the announcement made by Panoro Energy ASA ("Panoro" or the “Company”) on 27 November regarding the successful placement of USD 150 million new senior secured bonds (the "Bonds" or "Bond Issue").The Company is pleased to announce that the net proceeds from the Bond Issue have now been released from escrow and used in part to fully repay the outstanding amount drawn under the Company’s Reserve Based Lending facility of USD 82.5 million plus all accrued and outstanding interest. The remaining net proceeds from the Bond Issue will be used for