In today’s briefing:
- Medco Energi
Medco Energi
- Medco Energi has announced a cash tender offer to repurchase up to all the outstanding USD 242.3 mn MEDCIJ 7.375 ’26s and USD 418.7 mn MEDCIJ 6.375 ’27s.
- It is also concurrently seeking to issue new USD 400 mn 5NC2 notes.
- In our view, the proposed transactions demonstrate Medco’s proactive management of its debt maturity profile.
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