International bonds: Seven Energy, 10.25% 11oct2021, USD
XS1093755194

• Placement method
  Open subscription
• Placement type
  Public
• Order book
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• Coupon (Yield) Guidance
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• Placement
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• Initial issue price (yield)
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• Bids
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• Geographic breakdown
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• The purpose of placing
  On the Issue Date, the Issuer will issue the Notes and the NSIA Notes. The company intends to use the proceeds from the Notes, the NSIA Notes and the Second Equity Tranche (i) to redeem all of our outstanding Convertible Bonds due 2014, (ii) to repay and cancel each of (a) the Reserve Based Lending Facility, (b) the Working Capital Facility and (c) the Discount House Loan (including, in each case, any termination fees related thereto), (iii) to fund capital expenditures related to construction of our gas pipelines and associated facilities, (iv) to pay fees and expenses incurred in connection with the Refinancing (as defined below) and (iv) for general corporate purposes. We collectively refer to these transactions as the “Refinancing”. The company intends to use the proceeds from the Notes, the NSIA Notes and the Second Equity Tranche (i) to redeem all of our outstanding Convertible Bonds, (ii) to repay and cancel each of (a) the Reserve Based Lending Facility, (b) the Working Capital Facility and (c) the Discount House Loan (including, in each case, any termination fees related thereto), (iii) to fund capital expenditures related to construction of our gas pipelines and associated facilities, (iv) to pay fees and expenses incurred in connection with the Offering and the NSIA Notes and (v) for general corporate purposes. The proceeds will initially be used by the Issuer to make one or more proceeds loans (“Proceeds Loan”) to Seven Energy pursuant to a Proceeds Loan Agreement to be entered into on the Issue Date, pursuant to which the Issuer will on-lend the proceeds from the Notes and NSIA Notes to Seven Energy, which will then use the proceeds as described below.
• Listing
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• Bookrunner
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• Arranger Legal Adviser (International law)
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• Issuer Legal Adviser (Domestic law)
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• Issuer Legal Adviser (International law)
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• Convertion date
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• Initial premium
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• Convertible until
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• Lock-up
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• Change of Control

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• Collective Action Clause

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• Designation of Restricted and Unrestricted Subsidiaries

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• Limitations on transactions with affiliates

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• Merger Restrictions

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• Rating Trigger

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