Hurricane Energy $520 million fund raising

Overview:

• Hurricane Energy has undertaken a $520 million fundraising.
• The company is an oil and gas fractured basement specialist
• $300 million was raised in equity and $220 million through a convertible bond issue.
• All proceeds are for developing untapped oilfields on the UK continental shelf.
• This is Hurricane's third fund raising this year.
• Cenkos Securities and Stifel Nicolaus Europe acted as joint bookrunners on the deal.

Katrin Kostadinova - Data analyst