Zenith Energy (GB:ZEN) has released an update.
Zenith Energy Ltd. has successfully completed its final Bond Exchange Offer, following a well-participated initial offer, allowing Noteholders to swap matured notes for new ones with higher interest rates and a 2026 maturity date. The exchange attracted an average acceptance rate of 88.24% across various currencies, while the remaining non-participating Noteholders will be settled in cash shortly. The company’s CEO expressed satisfaction with the exchange results and is focused on quickly settling the outstanding notes to comply with the company’s fixed-income debt obligations.
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