We are pleased to confirm that Atlantic Offshore AS has completed a NOK 150 million Senior Unsecured bond issue with expected maturity date on 31 March 2015.
The margin is 9,75% over NIBOR. This bond issue is the one that was referred to in our financial report for Q3 2012, but the borrowing limit has been adjusted from NOK 100 million to NOK 150 million. The bond issue is a tap issue, and drawing of the first tranche of NOK 100 million is expected to be 20 December 2012. An application will be made for listing of the bonds on Oslo Stock Exchange as soon as possible. The net proceeds of the loan will be used for fleet renewal and general corporate purposes. RS Platou Markets and Pareto Securities acted as Arrangers of the bond issue.
Contacts for further information:
CEO Roy Wareberg – ph.+47 918 95 626
CFO Knut Kvinnsland – ph. +47 901 25 896

Follow this blog

Get a daily email of all new posts.