Stavanger, 24 January 2025:
Moreld AS ("Moreld" or the "Company") has today successfully placed a USD 130
million senior secured bond with a 5-year tenor. The bonds will pay a
semi-annual coupon of 9.875% per annum.
The settlement date is expected to be 11 February 2025, and an application will
be made for the bond to be listed on the Oslo Stock Exchange. The net proceeds
from the bond issue will be used to refinance the remainder of the USD 225
million senior secured notes due 2029 in full and thereafter for general
corporate purposes.
Pareto Securities AS acted as Sole Global Coordinator and Bookrunner and
SpareBank 1 Markets AS acted as Co-Manager in the bond issue.
Wikborg Rein Advokatfirma AS acted as legal counsel to Moreld. Arntzen de Besche
Advokatfirma AS acted as legal counsel to the managers.
For more information, please contact:
CEO Geir Austigard
Telephone: +47 992 47 500
Email: Geir.austigard@moreld.com
CFO Trond Rosnes
Telephone: +47 404 14 494
Email: Trond.rosnes@moreld.com
About Moreld
Moreld is an industrial multi-disciplinary engineering group offering full-scope
services across the offshore energy and marine industries including subsea
installations. The group comprises Moreld Apply, Ocean Installer and Global
Maritime. Moreld is a major player on the Norwegian continental shelf with an
international footprint. The Group is located in 19 countries, giving access to
all major offshore markets, and has over 2,800 employees and contractors. For
more information, please visit https://moreld.com/.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act