By Susanna Moon
Chicago, June 27 – Aqualis ASA said it issued NOK 400 million of five-year senior secured bonds with a coupon of Nibor plus 400 basis points.
The bond issue will provide part of the financing for Aqualis’ acquisition of Weifa AS for NOK 1,101,000,000, based on an enterprise value of NOK 1.17 billion, according to a company press release.
Carnegie AS is the bookrunner.
The issue is fully underwritten by a group of Nordic and international institutional investors and family offices, including the company’s largest shareholder Ferncliff and associated companies.
The guarantors have subscribed for a substantial amount in the bond issue and have been guaranteed a minimum allocation of 75% on their subscription, the release noted.
Aqualis is an Oslo-based specialized offshore, marine and engineering consultancy firm for the oil and gas industry.
| Issuer: | Aqualis ASA
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| Issue: | Senior secured bonds
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| Amount: | NOK 400 million
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| Maturity: | Five years
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| Coupon: | Nibor plus 400 basis points
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| Bookrunner: | Carnegie AS
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| Announcement date: | June 27
|
| Settlement date: | Aug. 7
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