Akastor to hold investor calls Monday ahead of potential bond offer

By Marisa Wong

Los Angeles, Jan. 14 – Akastor ASA’s 50% owned affiliate HMH has mandated DNB Markets, Nordea, Pareto Securities and SEB as joint lead managers to arrange a series of fixed-income investor calls beginning Monday ahead of a possible bond issue, according to a news release.

HMH expects to price at least $150 million of three-year senior secured bonds, subject to market conditions.

Proceeds will be used to repay the company’s bridge loan under its current loan facilities as well as for general corporate purposes.

The oil-services investment company is based in Lysaker, Norway.

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