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Aker to partially prepay revolver borrowings via new note proceeds
By Sarah Lizee
Olympia, Wash., Jan. 8 – Aker BP ASA plans to partially prepay outstanding borrowings under its revolving credit facility with proceeds from a new offering of notes, according to a press release.
The company announced on Wednesday that it plans to conduct a Rule 144A and Regulation S offering of five-year and 10-year senior notes.
Proceeds will also be used for general corporate purposes.
Aker BP is an oil exploration and development company based in Trondheim, Norway.
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