Nostrum Oil & Gas launches USD250M notes tender
Nostrum Oil & Gas B.V. has launched a tender offer for its USD 250 million 5.00% senior secured notes due 2026 via an unmodified reverse Dutch auction, with a maximum acceptance amount of USD 30 million and a purchase cap of USD 650 per USD 1,000 in principal. The move is part of a broader debt restructuring pursued after regulatory clearances and ongoing Kazakh tax and sanctions-related issues, aimed at stabilizing the group’s capital structure and aligning consent documents with the tender terms.