JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
CALGARY - Zenith Energy Ltd. (LSE:ZEN; OSE:ZENA; OTC PINK:ZENAF), an international energy production and development company, has announced a revised payment schedule for its Outstanding Notes of the 2024 Bond, following a delay caused by intermediary platforms.
The company confirmed that 20% of the Remaining Outstanding Notes have been paid to date. The payment was part of a series initially scheduled for completion by February 28, 2025, which has now been extended. The new timeline includes a payment of an additional 20% due by June 30, 2025, and the final balance, including all accrued interest, by September 30, 2025.
This announcement follows the successful completion of two Bond Exchange Offers made to Noteholders on January 25, 2024, and April 22, 2024, which were met with significant investor support. The Exchanges targeted unsecured debt instruments maturing on January 27, 2024, with various denominations in euros, U.S. dollars, and British pounds.
Zenith Energy, which operates across North Africa, the United States, and Europe, focuses on developing proven revenue-generating energy production assets and low-risk exploration activities in areas with existing production.
This payment plan update is based on a press release statement and reflects the company’s efforts to fulfill its financial obligations to Noteholders of the 2024 Bond.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.