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by Stephen Carter
Sep 15, 2025 7:03 AM ET
Ithaca Energy (North Sea) plc (IAECN) EUR400m 144A/Reg S sr notes due 2031 (6y). NC2 (50%,25%,par). Expect B1/BB-/BB-. Via Citi/DB/JPM (B&D) jt glocos and physical books/BBVA/IMI/GS/MS jt active books/DNB/WFS jt books. No reg rights. NY law. Denoms: 100kx1k.
IPT: 6.00%-6.25%.
Roadshow (virtual group meetings) 09/15-16 (investor call at 10am UKT 09/15). UOP: US$190m to fund the acquisition of Cygnus, and GCP (inclluiding paying dow the US$210m drawn on its RBL and replishment of cash used for the Japex acquisition). Biz: oil and gas E&P in the North Sea. HQ: Aberdeen, UK.
Netroadshow link: https://www.netroadshow.com/events/login/LE9zwo4Ax6BlpWLACLfMoyY6nWWKOFxe1VX.