by Stephen Carter
Sep 29, 2025 5:13 PM 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 (04/10/26). NC2 (10/10/27) (MWC T+50bp), then at 101.00, 103.75, 102.50, 101.25, 100 (par + 50/37.5/25/12.5%) after 2/2.5/3/3.5 years). Via Arctic/Pareto jt books. List Nordic ABM. Norwegian law. CoC at 101. Interest pays April 10 and Oct 10, starting 04/10/26 (T+8). Denoms: 200kx100k. Settles 10/10. ISIN: NO0013673236. IPT 9.75%-10% WPIR. Final Terms: US$70m at 10% coupon.
Priced: 10% at 100.
Roadshow began 09/24. Books subject 4pm CEST. UOP: refinance existing debt and GCP. Biz: owns the Haven accommodation jack-up operating on the Norwegian Continental Shelf. HQ: Stavanger, Norway.