Energean PLC (EERGF), a British oil and gas company, said on Monday that it has launched an offering of EUR 400 million aggregate principal amount of senior secured notes due 2031.
The company intends to use the gross proceeds from the offering to redeem all of its outstanding 6.50% senior notes due 2027, to fund cash on the balance sheet, and to pay related expenses.
In addition, for the nine-month period to September 30, the company recorded adjusted EBITDAX of $828 million, less than $894 million in the same period last year.
For the nine-month period, average production was 151 kboed (85% gas), in line with the full-year outlook of 145 kboed to 155 kboed, compared with 156 kboed (83% gas) in the same period last year. This is due to the temporary suspension of production in Israel.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.