Fjord1 completes NOK 6.5 billion debt refinancing, plans bond buyback

By Mary-Katherine Stinson

Lexington, Ky., April 25 – Fjord1 AS completed a NOK 6.5 billion debt refinancing, according to a press release Monday.

The proceeds will be used to repay the company’s existing loan facilities and will also be used to fund the planned buyback of its outstanding bond (ISIN: NO0010810302) and all additional outstanding interest and principal through the Nov. 22, 2022 maturity date.

Pareto Securities AS was the financial adviser to the company.

Wikborg Rein Advokatfirma AS served as legal advisor.

The company is a Norwegian transport conglomerate, formed in 2001 by the merger of More og Romsdal Fylkesbatar and Fylkesbaatane i Sogn og Fjordane and is a holding company for numerous subsidiaries based in Floro, Norway.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.