Saturday, 25 November 2017

Announcement

GENERAL: ZEL: Z Energy undertakes USPP transaction

02 Nov 2017 13:32NZX
Z Energy successfully completed its first United States Private Placement
(USPP) on 1 November 2017 issuing USD270 million senior secured notes.

Z Chief Financial Officer Chris Day said he was particularly pleased with the
outcome of the inaugural USPP transaction. The issue was well-received and
substantially oversubscribed allowing the company to upsize from its original
volume target, issue at a funding cost competitive to New Zealand domestic
issuance and also achieve a number of additional benefits.

Anna Charlton: 04 498 0299
End CA:00309687 For:ZEL    Type:GENERAL    Time:2017-11-02 13:32:17
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