Redemption: 2028-03-18; Registration: 144A/Reg S; Comments: NOK225m(upsized from NOK200m) 5yr frn cpn 3mEu+525 at 100. Spread: 3mEu+525. Par Call: 2m. CoC: 101%. SMR: ;
Deal Comments
The deal was upsized from NOK200m to NOK225m
Use of Proceeds
Refinancing the existing 2023/2027 senior secured bond with an outstanding amount of NOK 1,350m (incl. accrued and unpaid interest, applicable call premium and any SLB redemption premium), an initial shareholder distribution of EUR 70m, and GCP