3R Petroleum (RRRP3) Announces $500 Million Debt Issuance.

Written by Paulo Nogueira

Published on 22/01/2024 at 09:47

A 3R Petroleum (RRRP3) anunciou que sua subsidiária em Luxemburgo iniciou os trabalhos para uma emissão de até US$ 500 milhões em dívida. A informação foi – Todos os direitos: MoneyTimes

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3R Petroleum’s Subsidiary in Luxembourg Initiated an Issuance of Up to US$ 500 Million in Debt, Offering Surety Guarantees for Institutional Investors and Non-American Citizens.

3R Petroleum (RRRP3) announced that its subsidiary in Luxembourg has begun work on an issuance of up to US$ 500 million in debt. The information was disclosed this Monday (22) in a market announcement. The issuance aims to raise funds to be used for refinancing the current debt held by 3R, which was contracted as part of financing for the acquisition of the Potiguar Polo. According to the company, the Notes will feature surety guarantees — a type of personal guarantee — provided by the company and certain subsidiaries, in addition to real guarantees to be established on certain receivables, shares, and rights arising from concessions of certain subsidiaries of the company. The securities will be offered exclusively in the international market, to qualified institutional investors, according to U.S. capital markets law and subsequent amendments, and to non-American citizens in international transactions outside the United States (https://en.clickpetroleoegas.com.br/seatrium-garante-refinanciamento-de-mais-de-us-303-milhoes-apos-entrega-do-fpso-para-a-modec/).

3R Petroleum (RRRP3) Announces Refinancing of Subsidiary Debt

3R Petroleum (RRRP3) announced today that it has successfully completed the refinancing of its subsidiary’s debt, ensuring the continuity of operations and strengthening the company’s financial position. The operation, which involved the support of institutional investors, resulted in the issuance of surety guarantees that enabled the debt restructuring, providing greater security to creditors and allowing the continuation of ongoing projects.

This refinancing represents an important milestone for 3R Petroleum, which has been actively seeking financial solutions to optimize its capital structure and reduce costs. The operation also allowed for the diversification of the investor base, attracting non-American citizens interested in the company’s growth opportunities.

ARTICLE CONTINUES BELOW

3R Petroleum (RRRP3) Announces $500 Million Debt Issuance.

3R Petroleum’s Subsidiary in Luxembourg Initiated an Issuance of Up to US$ 500 Million in Debt, Offering Surety Guarantees for Institutional Investors and Non-American Citizens.

3R Petroleum (RRRP3) Announces Refinancing of Subsidiary Debt

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3R Petroleum (RRRP3) Announces $500 Million Debt Issuance.

3R Petroleum’s Subsidiary in Luxembourg Initiated an Issuance of Up to US$ 500 Million in Debt, Offering Surety Guarantees for Institutional Investors and Non-American Citizens.

3R Petroleum (RRRP3) Announces Refinancing of Subsidiary Debt

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