By Paul A. Harris
Portland, Ore., June 22 – OKEA AS announced in a Friday press release that it priced a $180 million issue of senior secured bonds.
ABG Sundal Collier was the manager.
The Trondheim, Norway-based oil and gas company plans to use the proceeds to fund the debt portion of its acquisition of working interests in the Draugen and Gjøa fields for a total consideration of NOK 4.52 billion, or approximately $556 million.
Issuer: | Okea AS
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Amount: | $180 million
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Tenor: | Five years
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Securities: | Secured bond
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Bookrunner: | ABG Sundal Collier
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Listing: | Oslo Bors, pending
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Expected settlement date: | June 28
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Announcement date: | June 22
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