BW Offshore, a provider of floating production services to the oil and gas industry, has successfully completed a NOK 900 million senior unsecured bond issue with a coupon of three months NIBOR + 4.50% and maturity in December 2023.
The Oslo Stock Exchange-listed company said that the 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.
BW Offshore has a fleet of 15 owned FPSOs. It also participates in developing offshore hydrocarbon reservoirs. The company has more than 30 years of production track record, having executed 40 FPSO and FSO projects.
This issue of Offshore Engineer is dedicated to Big Data and Digitalization
Archive
OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week
Subscribe
