Exmar Netherlands, a fully owned subsidiary of Belgium’s Exmar and a manager of specialized floating assets, has completed the bond repayment issued in 2014, extended in July 2017 and maturing in July 2019.
According to a press note from the Nicolas Saverys-led shipowner, the outstanding senior unsecured bond was issued in 2014.
This repayment has been funded partially with the new, unsecured NOK 650 million ($75 million) bond issued by Exmar on May 16, 2019, with final maturity in May 2022, and partially with own resources, the company said in its statement.
Exmar Netherlands had completed the unsecured bond with a coupon of 3 months NIBOR plus 8.75% p.a. and with a maturity date in May 2022 (EXMAR02).
DNB Markets, Nordea and Pareto Securities AS acted as joint lead managers in the placement of the new bond issue. An application will be made for the bonds to be listed on Oslo Børs.