Skip to main content

BW Offshore: Successfully Completed Bond Issue

Written by Customer Service on . Posted in Public Companies.

Successfully Completed Bond IssueReference is made to the announcement on 15 November 2019.BW Offshore Ltd has today successfully completed a NOK 900 million senior unsecured bond issue with a coupon of three months NIBOR + 4.50% and maturity in December 2023. Settlement of the new bond issue is scheduled for 4 December 2019. The existing NOK bonds have either been repurchased as part of the offering or will be called with settlement mid-January 2020.In combination with the USD 297.4 million convertible bond issue announced on 5 November 2019, the new bond successfully concludes the company’s refinancing of its existing NOK bonds maturing between 2020 and 2022, totalling approximately USD 393 million including related cross currency swaps.Danske Bank, DNB Markets, Nordea and Swedbank acted as joint lead managers for the bond issue.For further information, please contact:Ståle Andreassen, CFO, +65 97 27 86 47
Anders S. Platou, Head of Corporate Finance, +47 99 50 47 40IR@bwoffshore.com or www.bwoffshore.comAbout BW Offshore:BW Offshore is a leading provider of floating production services to the oil and gas industry. The company also participates in developing proven offshore hydrocarbon reservoirs. BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs. The company has more than 30 years of production track record, having executed 40 FPSO and FSO projects. BW Offshore is listed on the Oslo Stock ExchangeThis information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.