(Energy Analytics Institute, 21.Jun.2021) — Frontera Energy Corporation completed its offering of $400mn in senior unsecured notes due 2028 at a coupon rate of 7.875%.
Frontera used some proceeds from the offering to repurchase, at a premium, the company’s $350mn 9.7% senior secured notes due 2023 pursuant to a tender offer, the company said 21 June 2021 in an official statement.
The remaining proceeds from the offering will be used for general corporate purposes, Frontera said.
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By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.
