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Puma Energy Secures 2026 Notes Consent

June 09, 2023
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Puma Energy Secures 2026 Notes Consent

Puma International Financing S.A. (“Issuer”) today announced that its previously announced consent solicitation with respect to its US$750,000,000 U.S. dollar-denominated Senior Notes due 2026 (the “2026 Notes”) has been successful and that on June 9, 2023, the Issuer obtained the required consents necessary to effect the amendments (the “Proposed Amendments”) to certain provisions of the indenture governing the 2026 Notes that were set forth in the consent solicitation statement dated May 25, 2023 (the “Consent Solicitation Statement”). Capitalized terms used but not defined herein have the meanings set forth in the Issuer’s previous announcement, dated May 25, 2023, in relation to the consent solicitation.

As the requisite consents from holders of the 2026 Notes have been obtained, a supplemental indenture to give effect to the Proposed Amendments was entered into on June 9, 2023 (the “Effective Time”). Holders of the 2026 Notes are, as such, no longer able to validly revoke their consents. The Issuer intends to make the Consent Payment related to the Proposed Amendments promptly and, upon such payment (which the Issuer currently expects to be made on June 16, 2023), the Proposed Amendments will become operative.

This announcement is for information purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security. The solicitation of consents was not made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable state or foreign securities or “blue sky” laws.

Under no circumstances shall the Consent Solicitation Statement constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for the 2026 Notes in any jurisdiction.

The consent solicitation is not being made to, and no consents are being solicited from, holders or beneficial owners of the 2026 Notes in any jurisdiction in which it is unlawful to make such consent solicitation or grant such consents. However, the Issuer may, in its sole discretion and in compliance with any applicable laws, take such actions as it may deem necessary to solicit consents in any jurisdiction and may extend the consent solicitation to, and solicit consents from, persons in such jurisdiction.

The making of the consent solicitation and the Consent Payment, as applicable, may be restricted by law in some jurisdictions. Persons into whose possession the Consent Solicitation Statement comes must inform themselves about and observe these restrictions.

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