TORONTO – International Petroleum Corporation (“IPC” or the “Corporation”) (TSX, Nasdaq Stockholm: IPCO) announces that it is planning to arrange fixed income investor meetings in connection with a potential tap issue under the outstanding USD 300 million 7.25% senior unsecured bonds with maturity in 2027 (ISIN NO 0012423476).
IPC has mandated Arctic Securities and Pareto Securities as Joint Lead Managers and Bookrunners to arrange a series of fixed income investor meetings commencing Monday, March 13, 2023. Subject to market conditions, a tap issue of up to USD 200 million may follow. The purpose of the tap issue is for general corporate purposes.
International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol “IPCO”.