REG - Morgan Stanley & Co. Ithaca Energy PLC - Stabilisation Notice

Ithaca EnergyAnnouncement

11/10/2024 16:00

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RNS Number : 9380H  Morgan Stanley & Co. Int'l plc  11 October 2024

11 October 2024

Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.

Ithaca Energy (North Sea) plc

Post-stabilisation Period Announcement

Further to the pre-stabilisation period announcement dated 10 October 2024,
MORGAN STANLEY & CO. INTERNATIONAL PLC (contact: Joseph Bishay; telephone:
+44 20 7677-0230) hereby gives notice, that no stabilisation (within the
meaning of Article 3.2(d) of the EU Market Abuse Regulation (596/2014),
including as it forms part of domestic law by virtue of the European Union
(Withdrawal) Act 2018) was undertaken by the Stabilisation Manager(s) named
below in relation to the offer of the following securities.

Securities

 Issuer:                    Ithaca Energy (North Sea) plc
 Guarantor(s) (if any):     The Notes will be guaranteed on the Issue Date on a senior basis by Ithaca
                            Energy (E&P) Limited (the "Parent Guarantor"). On the Issue Date, the
                            Notes will be guaranteed on a senior subordinated basis by Ithaca GSA Limited,
                            Ithaca GSA Holdings Limited, Ithaca Energy (UK) Limited, Ithaca Oil and Gas
                            Limited, Ithaca MA Limited, Ithaca SP (Holdings) Limited, Ithaca SP Finance
                            Limited, Ithaca SPE Limited, Ithaca SP O&G Limited and Ithaca SP E&P
                            Limited (collectively, the "Initial Subordinated Guarantors"). No later than
                            the earlier of (i) the date Eni Elgin Franklin, Eni Energy E&P, Eni UKCS
                            Limited and Eni Energy E&P UKCS Limited accede as Guarantors under the RBL
                            Facility and (ii) 90 days following the Issue Date, the Notes will be
                            guaranteed on a senior subordinated basis (the "Post-Closing Subordinated Note
                            Guarantees") by Eni Elgin Franklin and Eni Energy E&P, Eni UKCS Limited
                            and Eni Energy E&P UKCS Limited  (collectively, the "Post-Closing
                            Subordinated Guarantors" and, together with the Initial Subordinated
                            Guarantors, the "Subordinated Guarantors").
 Aggregate nominal amount:  USD 750 MM
 Description:               Senior Notes due 2029
 ISIN:                      RegS: USG49774AC90

                            144a: US46567TAC80
 Offer price:               100%

 

Stabilisation

 Stabilisation Manager:  MORGAN STANLEY & CO. INTERNATIONAL PLC

 

This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United
States. The securities referred to above have not been, and will not be,
registered under the United States Securities Act of 1933 and may not be
offered or sold in the United States absent registration or an exemption from
registration. There will be no public offer of securities in the United
States.

END.

 

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