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Prospect News home > News index > List of issuers S > Headlines for Seven Energy International Ltd. > News item
Published on 10/11/2017 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Seven Energy again misses coupons on 10¼% notes, 10½% notes

New York, Oct. 11 – Seven Energy International Ltd. said it will not make the coupon payments due Wednesday on its $300 million of 10¼% senior secured notes due 2021 and its $100 million of 10½% notes due 2021.

Discussions continue with Savannah Petroleum plc and the company’s lenders, including an ad hoc group of noteholders, the company said in a news release.

Seven Energy previously missed the coupon payment due on April 11 and failed to satisfy the conditions to pay interest in kind.

The Nigeria-focused energy company is based in Lagos and London.


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