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Financials and Investment News in United Kingdom

Rolls-Royce Prices £2B Equivalent Senior Notes Offering
10/15/2020 - Rolls-Royce Holdings plc announces that it has successfully priced an offering (the "Bond Offering") of three tranches of senior unsecured notes denominated in US dollars, euros and sterling (collecti...
Investment Facility - Second Closing
10/6/2020 - Solo, the AIM investing company targeting attractive production and development opportunities within the European energy market, is pleased to announce the completion of the second closing under its p...
Stable Platform Agreement Extended
10/1/2020 - Premier’s creditors have approved an extension to the previously announced Stable Platform Agreement with the Group’s financial covenants waived through to 5 November 2020. Discussions continue relati...
Valaris Executes $500M DIP Term Loan Credit Agreement
9/28/2020 - Valaris has announced that, on September 25, 2020, the Company entered into a $500 million Debtor-in-Possession ('DIP') term loan agreement with certain of its noteholders. This agreement was executed...
Further Repayment of Riverfort Loan Facility
9/28/2020 - Angus Energy has repaid £58,333 in cash on the above facility, as noted in our RNS of 20 April 2020, as opposed to allowing further conversion of this amount. The revised loan facility balance will t...
Proposed Placing and Proposed Debt Financing
9/23/2020 - Angus Energy plc is pleased to announce that, with the support of Saltfleetby Energy Limited ("SEL"), its 49% partner in the Saltfleetby Gas Field (the "Field"), the Company has engaged Gneiss Energy ...
Longboat Energy Announces Results for Half Year Ended 30 June 2020
9/22/2020 - Longboat Energy, established by the former management team of Faroe Petroleum to build a significant North Sea-focused E&P business, has announced its half-year results for the six months ended 30 Jun...
Placing and Subscription to Raise £7 million
9/17/2020 - Union Jack Oil plc, a UK-focused onshore hydrocarbon production, development and exploration company, is pleased to announce that it has raised £7 million by way of an oversubscribed placing and subsc...
Seadrill Announces Forbearance Agreements
9/15/2020 - Seadrill Limited has entered into forbearance agreements with certain creditors in respect of the group's senior secured credit facility agreements, senior secured notes, and guarantee facility agreem...
Valaris plc Announces Expiration of Joinder Period
9/15/2020 - Valaris plc announced that the joinder period under its Restructuring Support Agreement (the “RSA”) and Backstop Commitment Agreement (the “BCA”) has expired and that holders of 72% in aggregate princ...
Valaris Announces Additional Support for Restructuring and Extension
9/11/2020 - Valaris plc announced that holders of over 70% in aggregate principal amount of its senior notes (the “Consenting Noteholders”) have now executed the Restructuring Support Agreement (the “RSA”) and Ba...
Genel Energy Announces Intention to Refinance
9/11/2020 - Genel Energy plc has engaged Pareto Securities to organise a roadshow with international credit investors. The Company may, subject to market conditions and acceptable terms on the new issue, rais...
Revenues in 2020 Expected to Hold Firm Despite COVID-19 Impact
9/8/2020 - STATS Group generated revenues of £39.1 million and EBITDA earnings of £5.6 million according to its annual accounts as at 31 December 2019. ...
Refinancing Heads of Terms Agreed with Subset of Creditors
8/20/2020 - Premier is pleased to announce that it has agreed heads of terms for a long-term refinancing of the Group’s debt facilities with a subset of its creditors representing over 45 per cent of the Group’s ...
Valaris plc Announces Agreement to Significantly Reduce Debt
8/19/2020 - Valaris plc has entered into a binding Restructuring Support Agreement (the “RSA”) and Backstop Commitment Agreement (the “BCA”) with approximately 50% of its noteholders (“Consenting Noteholders”). V...
Petrofac Limited Results for the Six Months Ended 30 June 2020
8/11/2020 - - Continuing to safely execute our projects and operations worldwide

- On track to deliver US$125 million of cost savings in 2020 and up to US$200 million in 2021

- Trading and a...
OGUK Launches New SME Forum to Support Smaller Businesses Under Pressure
8/4/2020 - new forum dedicated to helping small and medium-sized businesses navigate the downturn has been launched by OGUK as it continues to help the sector stimulate a recovery.

The leading represe...
Subsea 7 Announces Second Quarter 2020 Results
7/29/2020 - Subsea 7 S.A. announced results for the second quarter and first half of 2020 which ended 30 June 2020.

Second quarter summary

• Order intake totalled $2.0 billion, equival...
Echo Energy Issues of Equity
7/27/2020 - Echo Energy, the Latin American focused upstream oil and gas company, announces the conditional placing of new ordinary shares in the Company ("Ordinary Shares") to raise gross proceeds of £475,000 (...
Interim Results for the Period Ended 30 June 2020
7/24/2020 - Chris O'Shea, Group Chief Executive “Centrica delivered a resilient performance against the unprecedented backdrop of the Covid-19 crisis during the first half of the year. That is due to the response...

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