Elias Neocleous advises on $450m Energean bond offering

Elias Neocleous & Co LLC, in collaboration with Latham & Watkins, represented Initial Purchasers J.P. Morgan, ING Bank, BNP Paribas, Credit Suisse, Deutsche Bank AG, Goldman Sachs International, Morgan Stanley, Natixis and Poalim IBI, in connection with a $450-million offering of Rule 144A/Reg S high-yield senior secured notes issuance by Energean PLC.

Energean PLC is an international, independent energy company focused on the exploration, development and production of gas and oil assets in the Mediterranean, and is listed on the London and Tel Aviv Stock Exchanges.

Proceeds will be used to repay and cancel commitments under Egyptian and Greek reserve-based lending facilities, including Greek subordinated debt, and for general corporate purposes. The senior secured notes are expected to be listed on The International Stock Exchange.

Elias Neocleous & Co LLC’s team advised the Initial Purchasers on all financing elements of the transaction involving Cypriot guarantors and security providers, and were led by firm lawyers Pamela A. Evangelou, Demetris Rotis, Dimitris Papoutsis and Christos Kafouris.

For more information, please speak with a member of the team that handled this transaction, or with your usual contact at Elias Neocleous & Co LLC.