Songa Offshore SE has successfully completed a 3 year senior unsecured bond issue of NOK 750 million. Net proceeds from the bond issue will be used for refinancing of existing bonds and general corporate purposes. The bonds will have a floating rate coupon of 6 month NIBOR + 7.75%. Settlement date for the bond issue is expected to be 11 June 2012. An application will be made for the bond issue to be listed on the Oslo Stock Exchange.
Pareto Securities AS, SEB and Swedbank First Securities acted as Joint Lead Managers for the bond issue.
Limassol, 1 June 2012
Board of Directors
Songa Offshore SE
Questions should be directed to:
Geir Karlsen, CFO +47 23 01 14 24 / +47 91 60 83 32