Songa Offshore SE : Close of books expected at 22:00 CET
(Thomson Reuters ONE) -
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
Reference is made to today's announcement by Songa Offshore SE ("Songa" or the
"Company"), in which the Company announced a comprehensive refinancing inter
alia by way of a fully guaranteed private placement with gross proceeds in the
amount of approximately USD 250 million (NOK 1,525 million) (the "Private
Placement") and the issue of a subordinated convertible bond (the "Convertible
Bond") with gross proceeds in the amount of USD 150 million (the "Convertible
Bond Issue").
The Company expects that the book-building periods for the Private Placement and
the Convertible Bond Issue will be closed at 22:00 CET today, 25 November 2013.
To be eligible for allocation, orders must be received by the managers prior to
such time. The Company therefore encourages shareholders and other stakeholders
wanting to participate in the either of the placements to contact one of the
managers as soon as possible.
Based on orders received, the Company expects that the coupon of the Convertible
Bond will be set at 4% p.a.
Fearnley Securities AS and Swedbank Norge, part of Swedbank AB (publ) act as
joint lead managers and joint bookrunners for the Private Placement and the
Convertible Bond Issue. SEB is acting as an independent financial advisor to the
Company and its Board of Directors.
Limassol, 25 November 2013
****
For further information, please contact:
Bjørnar Iversen, CEO (+357 99 649152)
Jan Rune Steinsland, CFO (+357 97 875604)
****
This press release does not constitute or form part of an offer or solicitation
to purchase or subscribe for securities in the United States. The securities
referred to herein may not be offered or sold in the United States absent
registration or an exemption from registration as provided in the U.S.
Securities Act of 1933, as amended. The Company does not intend to register any
portion of the offering of the securities in the United States or to conduct a
public offering of the securities in the United States. Copies of this
announcement are not being made and may not be distributed or sent into the
Australia, Canada, Japan or the United States.
Certain statements contained herein that are not statements of historical fact,
may constitute forward-looking statements. Forward-looking statements involve
known and unknown risks, uncertainties and other factors that could cause the
actual results or events concerning the Company to be materially different from
the historical results or from any future results expressed or implied by such
forward-looking statements. Although the Company has attempted to identify
important factors that could cause actual events or results to differ from those
described in forward-looking statements contained herein, there can be no
assurance that the forward-looking statements will prove to be accurate as
actual future events could differ materially from those anticipated in such
statements. Except as may be required by applicable law or stock exchange
regulation, the Company undertakes no obligation to update publicly or release
any revisions to these forward-looking statements to reflect events or
circumstances after the date of this document or to reflect the occurrence of
unanticipated events.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Songa Offshore SE via GlobeNewswire
[HUG#1745577]
Unternehmensinformation / Kurzprofil:
Datum: 25.11.2013 - 16:21 Uhr
Sprache: Deutsch
News-ID 320132
Anzahl Zeichen: 4433
contact information:
Town:
Oslo
Kategorie:
Business News
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"Songa Offshore SE : Close of books expected at 22:00 CET"
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