Finance News Oil & Gas

EnQuest agrees second lien loan of up to $150m

EnQuest plc has agreed a loan of up to $150 million, including $9m from its chief executive officer’s family, as a secured second lien instrument. DOUBLE A Mature in July 2027, the loan ranks junior to the group’s existing $500m reserve based lending facility (RBL) of which the company had drawn $240m as at 31 […]

News Oil & Gas

EnQuest PDMRs purchase 4.4m shares

EnQuest plc published details of directors and persons closely associated with them purchasing a total of 4,392,142 shares in the company. PDMRs Double A Limited, a company beneficially owned by the extended family of EnQuest chief executive officer Amjad Bseisu, purchased 4,222,033 ordinary shares of £0.05 at a price of £0.2101 each, for a total […]

Finance News Oil & Gas

EnQuest agrees refinancing of $792m senior notes

EnQuest plc has agreed a successful refinancing of its existing $792.3 million senior notes due 2023. AGREEMENT The company, with oil and gas projects in the UK North Sea and Malaysia, priced the offering of new $305m 11⅝% senior notes due 2027, which were due for settlement on 25 October 2022, at an issue price of […]