Contemplated refinancing and USD 225m bond issue, October 19 2021
Mime Petroleum AS has engaged ABG Sundal Collier ASA, DNB Markets, part of DNB Bank ASA, and Pareto Securities AS as Joint Lead Managers to arrange a series of fixed income investor meetings commencing on October 20, 2021. Subject to market conditions, a new 5 year senior secured bond issue may follow.
The purpose of the bond issue is to refinance the Company’s outstanding reserve based lending facility and the existing NOK 300 million MIME01 PRO bonds (ISIN NO 0010875032) in full, and finance capital expenditures related to the Balder Future redevelopment. The Company will, subject to a successful placement, exercise the call option for the MIME01 PRO bonds.
For further information, please contact:
Olav Haugland, CFO
M: +47 915 41 809