Reference is made to the notification sent earlier
regarding Havyard Group ASA contemplating to issue a
new senior unsecured bond in the Norwegian bond
market.
Havyard Group ASA has successfully completed a new
senior unsecured bond issue of NOK 150 million with
maturity date in June 2017. The bond issue has a
coupon of 3 months NIBOR plus 5.50 per cent p.a. The
bond issue was oversubscribed. Settlement date is
expected to be 13 June 2014.
An application will be made for the bonds to be
listed on Nordic ABM.
As previously announced, the purpose of the bond
issue is to optimize the capital structure of the
company and will be used for general corporate
purposes of the group, hereunder part of the net
proceeds may be used for distribution to shareholders
and refinancing of existing debt arrangements.
Fearnley Securities AS acted as sole lead manager in
connection with the placement of the new bond issue.
For further information, please contact:
Havyard Group ASA: Geir Johan Bakke, CEO,
Tel: +47 48 18 00 11 or
Karl Eirik Hansen, CAO, Tel: +47 40 24 71 13
Fearnley Securities: Svein Erik Nordang,
Tel: +47 22 93 63 65
This information is subject of the disclosure
requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.