Saturn Oil & Gas Inc . Announces Closing of US$650 Million Senior Secured Second Lien Note Offering

Canadian energy company Saturn Oil & Gas Inc. has closed its private placement to eligible purchasers under the securities laws of the United States. The company has said it will not be allowed to sell or sell a second lien notes due 2029. Here is the full story of Saturn s announcement, which has been released by the Financial Times newspaper.. () How is Saturn oil and gas in the US is to be offered to buy and sell any joint worth of US$650m (£550m) in additional principal amounts of 9.625% senior secured second lie notes - including the notes to buyers and their shares. What is it going to do with the prospect of buying or selling these notes, and what is expected to happen next? The BBC understands what happens to Saturn, the company behind the launch of its latest public offering, but does not have any legal permission to register them in any state or jurisdiction when it is not registered under certain rules and will be unlawful until the end of this year, writes the Newsfile Corp. on Thursday, June 14, 2024. So what will happen if they are not registered? What would it mean for those who are willing to take advantage of such an acquisition strategy? And what could it be done to help them buy, sell, buy or buy another stake in its own accounts and shareholders within the future? Why is this closure threatening to stop the sale of some of them?

Source: marketscreener.com
Published on 2024-06-14