Neptune Energy Bondco plc’s proposed $500 million senior notes due 2026 have been assigned by S&P, Moody’s and Fitch provisional credit ratings in line with its existing $550 million notes.
|Credit Agency||Issuer credit Rating3||$550 million Senior Notes due 2025||Proposed $500 million Senior Notes due 2026|
|S&P Global Ratings||BB- (Positive)||BB-||BB-|
|Moody’s Investors Service||Ba3 (Positive)||B1||B1|
|Fitch Ratings||BB (Stable)4||BB4||BB(EXP)|
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1 Neptune Energy Acquires North Sea Assets from Energean. Neptune Energy announced that it has entered into a conditional Sale and Purchase Agreement with Energean Oil and Gas to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for an initial consideration of $250 million.
3 Neptune Energy Group Midco Ltd
4 Ratings not reviewed
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About Neptune Energy
Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. Neptune had production of around 160,000 net barrels of oil equivalent per day in 2018 and 2P reserves at 31st December 2018 of 638 million barrels of oil equivalent. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.
For further information please visit: www.neptuneenergy.com