Karoon Energy Limited (ASX: $KAR) has been assigned a corporate credit rating by S&P Global of 'B' with a stable outlook and by Fitch Ratings of 'B' with a stable outlook. The ratings were obtained in conjunction with the proposed US$400 million offering of Second-Priority Senior Secured Notes to be issued by its wholly-owned subsidiary Karoon USA Finance Inc.
The announcement of Karoon Energy Ltd being assigned corporate credit ratings by S&P Global and Fitch Ratings, along with the proposed US$400 million offering of Second-Priority Senior Secured Notes, reflects our commitment to strengthening our financial position and pursuing strategic financing opportunities. These ratings and the proposed offering will support our ongoing operations and future growth initiatives.
Karoon Energy Ltd, an international oil and gas exploration and production company, has received corporate credit ratings of 'B' with a stable outlook from S&P Global and Fitch Ratings. The ratings were obtained in conjunction with the proposed US$400 million offering of Second-Priority Senior Secured Notes by its subsidiary, Karoon USA Finance Inc. The company's vision to be a leading, independent international energy company is further supported by these developments, demonstrating its commitment to adapting to a dynamic world in an entrepreneurial and innovative way. Karoon Energy Ltd aims to provide energy safely, reliably, and responsibly, creating lasting benefits for all its stakeholders. The proposed offering and the assigned credit ratings are integral to the company's corporate strategy, positioning it for continued success and sustainable growth in the energy sector.