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Offering Announcement: Breakwater Energy Holdings has priced an offering of an additional $75 million in 9¼% Senior Secured Notes due 2030, intended for shareholder distribution and related expenses.
Company Background: Breakwater Energy, managed by EIG, holds a 25% stake in Repsol E&P, which is involved in hydrocarbon exploration and production.
EIG Overview: EIG is a prominent institutional investor in the energy sector, managing $24.3 billion and having committed over $51.7 billion to energy projects globally.
Regulatory Compliance: The offering is restricted to non-U.S. persons and relevant professionals, with specific exemptions under U.S. and UK securities laws, and includes cautionary forward-looking statements.
