BlueNord ASA: Successful Placement of Subordinated Hybrid Bond Issue

Settlement is expected on or about 10 July 2025, subject to customary conditions precedent, including required consents from the lenders in the Company's USD 1.4 billion reserve based lending facility. An application will be made to list the bonds on the Oslo Stock Exchange. Net proceeds from the bond issue will be used to refinance any outstanding parts of the Company's existing subordinated convertible bonds with ISIN NO 0012780867 ("BNOR15"), and the Company intends to exercise a clean-up call under BNOR15 given the threshold for outstanding bonds has been met, thereby redeeming any remaining BNOR15 bonds in full.

Settlement is expected on or about 10 July 2025, subject to customary conditions precedent, including required consents from the lenders in the Company's USD 1.4 billion reserve based lending facility. An application will be made to list the bonds on the Oslo Stock Exchange. Net proceeds from the bond issue will be used to refinance any outstanding parts of the Company's existing subordinated convertible bonds with ISIN NO 0012780867 ("BNOR15"), and the Company intends to exercise a clean-up call under BNOR15 given the threshold for outstanding bonds has been met, thereby redeeming any remaining BNOR15 bonds in full.

Arctic Securities AS, Clarksons Securities AS, DNB Carnegie, a part of DNB Bank ASA and Pareto Securities AS acted as Joint Bookrunners in connection with the hybrid bond issue whereas ABN AMRO Bank N.V, Fearnley Securities AS and Sparebank 1 Markets AS acted as Co-Managers. Advokatfirmaet BAHR AS has been engaged as legal advisor of the Company. Advokatfirmaet Thommessen AS is acting as legal advisor to the managers.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Contact: 
Cathrine Torgersen, Chief Corporate Affairs Officer 
Phone: +47 915 28 501 
Email: [email protected]
 

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