Oslo, 24 July 2019 - Interoil Exploration and Production ASA (Interoil) is pleased to confirm that the company has paid interest related to the bond issued on January 2015. The amount paid was USD 1,123,062.48.
The USD 37.5 million bond matures in January 2020. The company does not now hold the required liquidity to repay it. The company continues discussion with the bondholders on several alternatives. Whereas no final decision or agreement have been reached at this stage the company is confident that a sound solution will be reached.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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Interoil Exploration and Production ASA is a Norwegian based exploration and production company - listed on the Oslo Stock Exchange - with focus on Latin-America. The Company is the operator of several production and exploration assets in Colombia. Interoil currently employs approximately 60 people and is headquartered in Oslo.