May 22, 2019 - Reference is made to the announcement on May 14, 2019. Aker
Solutions ASA has today successfully completed a NOK 1,000 million senior
unsecured bond issue with maturity in June 2024.
The bond issue was considerably oversubscribed. The bonds will have a coupon of
3 month Nibor + 3.00% p.a., and will be applied for listing on the Oslo Stock
Exchange. Settlement date will be June 3, 2019.
The proceeds from the bond issue will be used to refinance existing debt and for
general corporate purposes.
In connection with the bond issue, the company bought back NOK 168 million of
the outstanding volume in ISIN NO0010661051 (AKSO02) maturing in October 2019 at
a price of 101.31%.
"We are very pleased with a well-executed placement," said Chief Financial
Officer Svein Stoknes at Aker Solutions. "We have seen solid investor interest
and achieved competitive terms that reflect Aker Solutions' strong credit
position."
DNB Markets, Nordea, SEB and Swedbank acted as joint lead managers for the bond
issue.
ENDS
Investor Contact:
Fredrik Berge, mob: +47 450 32 090, e-mail: fredrik.berge@akersolutions.com
Media Contact:
Ivar Simensen, mob: +47 464 02 317, e-mail: ivar.simensen@akersolutions.com
Aker Solutions helps the world meet its energy needs. We engineer the products,
systems and services required to unlock energy. Our goal is to maximize recovery
and efficiency of oil and gas assets, while using our expertise to develop the
sustainable solutions of the future. Aker Solutions employs approximately
15,000 people in more than 20 countries.
Visit akersolutions.com and connect with us on Facebook, Instagram, LinkedIn,
Twitter and YouTube.
This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.