Ithaca Energy preps bond for Chevron North Sea acquisition

Centrica 230x150 Morcambe Bay Offshore
By Owen Sanderson
08 Jul 2019

Oil and gas firm Ithaca Energy is to issue a new $700m unsecured bond as part of the financing for its acquisition of Chevron’s North Sea assets.

Ithaca, owned by Israeli billionaire Yitzhak Tshuva’s Delek Group, agreed the purchase of the Chevron assets at the end of May, with the deal expected to be closed by year end.

As well as the $700m acquisition facility set to be taken out with the new bond, the ...

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