EXMAR NV today announced that it has closed a $114 million (NOK 700 million) senior unsecured bond issue due in July 2017. All interest and principal payments have been swapped into U.S. dollars at an all in fixed interest rate of 5.72%. The offering was significantly oversubscribed and EXMAR upsized the original expected amount of NOK 600 million to NOK 700 million.
The transaction is subject to customary closing conditions and settlement is expected to occur on July 7, 2014. The proceeds from the offering will be used to finance new investments in LNG infrastructure assets and offshore assets as well as for general corporate purposes.
DNB Markets and Pareto Securities acted as Joint Lead Managers.
exmar.be
