by Pankti Antani
Sep 29, 2025 9:08 AM ET
Nordic deal: Jacktel AS (MAMANO) US$70m sr sec 1st lien notes due 10/10/29 (4y). Amortizer: $5m semi-annual installments starting on the first interest payment date. NC2 (MWC) (par + 50/37.5/25/12.5% after 2/2.5/3/3.5 years). Via Arctic/Pareto jt books. CoC at 101. Interest pays April and Oct. Denoms: 200kx100k. Settles 10/10. ISIN: NO0013673236. IPT 9.75%-10% WPIR.
Final Terms: US$70m at 10% coupon.
Roadshow began 09/24. Books subject 4pm CEST. Pricing 09/29. UOP: refinance existing debt and GCP. Biz: owns the Haven accommodation jack-up operating on the Norwegian Continental Shelf. HQ: Stavanger, Norway.