Partial Buybacks of Outstanding Bonds
Reference is made to the announcement on 18 November regarding BW Offshore Ltd’s successful placement of a new NOK 900 million senior unsecured bond issue with maturity in December 2023. In connection with the bond issue, the company will repurchase approximately NOK 120 million of the outstanding bond BWO01 (ISIN NO0010638075), NOK 410 million of BWO02 (ISIN NO0010673841), NOK 420 million of BWO03 (ISIN NO0010705361) and NOK 680 million of BWO04 (ISIN NO0010740111).
Settlement date for the buybacks will be 4 December 2019, and the remaining bonds outstanding will be called with settlement mid-January 2020.
For further information, please contact:
Ståle Andreassen, CFO, +65 97 27 86 47
Anders S. Platou, Head of Corporate Finance, +47 99 50 47 40
About 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 Exchange
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.