Topaz Marine Completes Public Offering Of 9.125% Senior Notes, Due 2022 For US$375 Million

Published: Jul 12 2017
Deal Summary

Topaz Marine S.A., a provider of supply and support services to offshore oil and gas industry and a wholly-owned subsidiary of Topaz Energy and Marine Limited, completed the public offering of 9.125% senior notes, due 2022, for gross proceeds of US$375 million (MM).

The company intends to use the proceeds from the offering to repurchase and redeem its existing notes, due 2018, and to pay the fees and expenses related to the transactions.

Deal history

Completed: On July 27, 2017, Topaz Marine completed the public offering of 9.125% senior notes, due 2022, for gross proceeds of US$375 MM.

Announced: On July 12, 2017, Topaz Marine intends to issue senior notes, due 2022, for gross proceeds of up to US$375 MM, in a public offering.

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