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Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Completes the implementation of the restructuring of its $725 million 8.0% senior notes due July 2022 and $400 million 7.0% senior notes due February 2025. This includes the exchange of a portion of its legacy notes debt for the issue of new notes. The new notes comprise $250 million of new senior secured notes and $300 million of senior unsecured notes. Further, the conversion of the remainder of the notes debt into shares, as well as the issue of new warrants, it adds. Looking ahead, Chief Executive Arfan Khan comments: ‘The company is now well-positioned to move expeditiously to unlock the full potential and value of its existing world-class gas processing infrastructure, acting in the best interest of our investors and other stakeholders, whilst strengthening the energy security of the region.’ Current stock price: 2.00 pence, closed down 25% on Thursday 12-month change: up 65% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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