LAUNCH - Threelands Energy Ltd US$330m 10yr NC5 at 7.40%
LAUNCH: US$330m at 7.40%
GUIDANCE: 7.45% area (+/-5bp)
Threelands Energy Ltd S.a. r.l. , Ba3/NR/BB- , announced a US$330m(wng) 144a/RegS 10yr NC5 (10/20/35) senior unsecured notes via bookrunners: DB/JPM(B&D)/SANT. UoP: To prepay (i) approximately US$142.3 million aggregate principal amount outstanding under the Syndicated Credit Agreement, and (ii) approximately US$186.9 million aggregate principal amount outstanding under the Local Banco Industrial Credit Agreement, for a total of approximately US$329.2million. Denoms: 200k x 1k. Pricing is expected today. Settlement: 10/20/25
IPTs: High 7's area