Harbour Energy plc Closes $500m Senior Notes Offering
Vinson & Elkins advised the initial purchasers in connection with Harbour Energy plc’s (the “Issuer”) offering of $500 million aggregate principal amount of 5.50% senior notes due October 2026 (the “Notes”).
The Issuer intends to use the gross proceeds of the Notes to repay in full and cancel its Shell Junior Facility, partially repay drawings under its senior secured reserves-based lending facility and for transaction fees and expenses. The Notes will be the general senior obligations of the Issuer and will be guaranteed on a senior subordinated basis by certain of the Issuer’s subsidiaries.
The Vinson & Elkins corporate team was led by partner Noel Hughes with assistance from senior associate Giacomo Reali, associates Chris Hesford and Anu Akinbamidele and trainee solicitors Adam Fenby, Eleonora Garau, Joe Mallet and Simon Michau.
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