IPC Announces Strategic Move to Strengthen Bond Presence

International Petroleum Corporation's Strategic Financial Meetings

International Petroleum Corporation (IPC) is taking significant steps in its financial strategy by organizing fixed income investor meetings aimed at potentially issuing rated senior unsecured bonds. This initiative is primarily focused on refinancing its current outstanding bonds, an important move for the company in maintaining its financial health.

Details of the Bond Issuance Plan

Based on current market conditions, IPC may pursue a new issuance of USD 450 million in 5-year senior unsecured bonds. The goal of this potential bond issuance is to take advantage of a call option to repay the existing USD 450 million bond that IPC has in circulation, which is rated B+ by S&P Global Ratings and B1 by Moody’s. This strategy reflects IPC's commitment to optimize its capital structure to enhance long-term value for its shareholders.

Bond Issuance Strategy and Execution Plan

To facilitate this process, IPC has engaged several financial firms. Arctic Securities and Pareto Securities serve as Global Coordinators and Joint Bookrunners, while Clarksons Securities works in tandem as Joint Bookrunner and SB1 Markets as Co-Manager. The meetings for potential investors commence shortly, indicating that IPC is eager to move forward without delay.

About International Petroleum Corporation

International Petroleum Corporation is not merely a name in the oil and gas sector; it is an entity steeped in excellence and innovation. With its operations spanning across Canada, Malaysia, and France, IPC boasts a portfolio designed for both organic and inorganic growth. As a proud member of the Lundin Group of Companies, IPC is committed to maximizing its resources while adhering to high operational standards.

Contact Information for Investors

For those interested in more details about IPC's financial ventures, the company invites inquiries through their contact points. Investors can reach out to Rebecca Gordon, SVP of Corporate Planning and Investor Relations, or Robert Eriksson, Media Manager, for further assistance. This open line of communication signifies IPC's dedication to transparency and investor engagement.

Commitment to Transparency

As IPC embarks on this important journey, it recognizes the need for clear communication regarding the implications of its financial strategies. This includes being upfront about various factors that could impact performance. Acknowledging potential risks and market fluctuations is essential in maintaining investor trust and confidence.

Looking Ahead

Moving forward, IPC is well-positioned to adapt to changing market dynamics. The anticipated bond issuance not only serves as a financial strategy but also highlights IPC's proactive approach to securing its operational future. By refinancing its existing debts, IPC can allocate resources more efficiently and invest further in growth opportunities.

Frequently Asked Questions

What is the purpose of IPC's fixed income investor meetings?

The meetings are aimed at discussing a potential issuance of rated senior unsecured bonds to refinance existing debt.

How much money is IPC looking to raise through this bond issuance?

IPC is considering raising USD 450 million through the issuance of new bonds.

Who are the financial institutions involved in IPC's bond issuance strategy?

IPC has engaged Arctic Securities, Pareto Securities, Clarksons Securities, and SB1 Markets to assist with the bond issuance process.

Where does IPC operate?

IPC operates internationally, with key assets located in Canada, Malaysia, and France.

What is IPC's commitment to investors regarding transparency?

IPC is dedicated to keeping investors informed about strategies and potential risks associated with their financial decisions.

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