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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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.