Puma Energy Prices Senior Notes

Sunday, January 14, 2018

Puma Energy successfully priced $750 million aggregate principal amount of Senior Notes due 2026 at a fixed coupon of 5.0% per annum. The transaction was priced on January 9 and is expected to close on January 24.

The proceeds are intended to be used to redeem the principal amount outstanding under Puma Energy’s existing 6.75% Senior Notes due 2021, with the remaining net proceeds used to refinance certain amounts drawn under existing revolving credit facilities.

This successful transaction follows Puma Energy’s issuance of $600 million aggregate principal amount of Senior Notes due 2024 at a fixed coupon of 5.125% per annum in October 2017.

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