TORONTO, Sept. 22, 2025 (GLOBE NEWSWIRE) -- International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq Stockholm: IPCO) announces that it is planning to arrange fixed income investor meetings in connection with a potential issuance of rated senior unsecured bonds to refinance its existing outstanding bond.

IPC has mandated Arctic Securities and Pareto Securities as Global Coordinators and Joint Bookrunners, together with Clarksons Securities as Joint Bookrunner and SB1 Markets as Co-Manager, to arrange a series of fixed income investor meetings commencing Monday, September 22, 2025. Subject to market conditions, a new USD 450 million 5-year senior unsecured bond issuance may follow. The purpose of the bond issuance would be to repay IPC's existing USD 450 million outstanding bond (ISIN NO 0012423476) by utilizing the call option. The existing bond issue is rated B+ by S&P Global Ratings and B1 by Moody's.

International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC's shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol "IPCO".

For further information, please contact:

Rebecca GordonSVP Corporate Planning and Investor +41 22 595 10 50

Or

Robert ErikssonMedia +46 701 11 26 15

 

This information was submitted for publication, through the contact persons set out above, at 07:00 CEST on September 22, 2025.

Forward-Looking Statements This press release contains statements and information which constitute "forward-looking statements" or "forward-looking information" (within the meaning of applicable securities legislation). Such statements and information (together, "forward-looking statements") relate to future events, including the Corporation's future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

All statements other than ...