skip to content

Market News

Petra Diamonds notes pricing of $650m notes issue

06 April 2017 07:22

Petra Diamonds has announced the pricing of its offering of senior secured second lien notes due 2022, with the original offering amount of $600m now increased to $650m.

Net proceeds would be used to refinance Petra's existing $300m 8.25% senior secured second lien notes due 2020, to repay amounts outstanding under certain of the existing senior facilities and for general corporate purposes.

Interest on the notes would accrue at the rate of 7.25% a year, payable semi-annually in arrears. Closing was expected to take place on or about 12 April 2017, subject to customary conditions precedent for such transactions.

Story provided by

Related Company: PDL

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.