Trident Energy Finance PLC (“Trident Energy” or the “Company”) announced the successful pricing of US$100,000,000 12.50% Senior Notes due November 2029 (the “Additional Notes”).
The Additional Notes will be issued under the indenture dated May 20, 2024 (the “Indenture”) governing the Company’s outstanding US$500,000,000 aggregate principal amount of senior notes due 2029 issued on May 20, 2024 (the “Original Notes”). The Additional Notes are expected to be issued on October 24, 2024 subject to customary closing conditions. The Additional Notes will initially be issued bearing a temporary ISIN and Common Code during the 40-day period commencing on October 24, 2024 (the “Distribution Compliance Period”) prescribed by Regulation S under the Securities Act of 1933, as amended (“Regulation S”). Following the Distribution Compliance Period, the Additional Notes are expected to become fully fungible with, and have the same ISIN and Common Code as, the Original Notes sold pursuant to Regulation S.
The Company intends to use the proceeds of the offering of the Additional Notes for general corporate purposes.
