April 16, 2026 - Reference is made to the stock exchange notice published 15 April 2026 regarding the summons to written resolution and contemplated tap issue in relation to Ventura Offshore MidCo Ltd’s (the “Issuer”) existing senior secured bonds maturing 19 April 2027 with ISIN NO0013187179 (the “Bonds”).
The Issuer has today successfully placed a bond tap issue of USD 75 million. Following settlement of the tap issue, expected to be 4 May 2026, the total amount outstanding under the Bonds will be USD 190 million. The bond tap issue was priced at 100% of par.
The net proceeds from the bond tap issue will be used to partly finance capital expenditures and other costs related to contract extensions for SSV Victoria and DS Carolina, and for general corporate purposes.
The additional bonds will be listed on Euronext ABM.
DNB Carnegie, a part of DNB Bank ASA, acts as Sole Global Coordinator and Bookrunner, and Clarksons Securities AS and Fearnley Securities AS act as Joint Lead Managers in the transaction.