Ithaca Energy PLC (GB:ITH) has released an update.
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Ithaca Energy PLC has announced the signing of a $1.235 billion reserves based lending facility and the pricing of $750 million senior notes with an 8 1/8% interest rate, due in 2029. The funds raised will be allocated to redeem existing senior notes, repay a loan, and cover refinancing expenses. This financial move, backed by significant global investor demand, underscores the company’s business strength and growth strategy following its merger with Eni UK.
For further insights into GB:ITH stock, check out TipRanks’ Stock Analysis page.
