Commentary & Deal Flow

Trident Energy Finance PLC (“Trident Energy”), an international oil and gas company with mid-life producing offshore assets in Brazil and Equatorial Guinea, has mandated Citi, ING and Standard Chartered Bank as Global Coordinators and Physical Bookrunners to organize a Global Investor Call at 2:00pm UKT / 9:00am EST on 5th May along with a series of 1x1 and small group meetings with fixed income investors. A debut benchmark 5NC2 year US$-denominated Regulation S/Rule 144A senior secured notes offering may follow, subject to market conditions. Trident Energy is expected to be rated B2 (Stable) by Moody’s and B+ (Stable) by Fitch, with the notes expected to be rated B3/B+ by Moody’s and Fitch respectively. Proceeds from the offering would be used to repay certain outstanding indebtedness and to pay transaction fees and expenses.