BOURBON: BOURBON increases the amount of its hybrid bond issue by ?20 million
(Thomson Reuters ONE) -
Paris, April 24, 2015
BOURBON increases the amount of its hybrid bond issue by ?20 million
BOURBON has announced an increase ?20 million to its perpetual deeply-
subordinated notes (Titres Super Subordonnés à Durée Indéterminée - TSSDI). This
transaction, initiated by an investor, confirms once again the strong interest
in BOURBON by institutional investors.
These perpetual notes, accounted for as equity under IFRS standards, are
callable by BOURBON at par starting in October 2017. They bear a fixed semi-
annual coupon of 4.70% till this same date, payment of which is mandatory if
dividends are paid.
With this transaction, the group continues to optimize the company's balance
sheet structure, further diversifying its funding sources and thus demonstrating
its ability to manage debt in a dynamic manner.
The operation was conducted by Oddo & Cie, with advice being provided by
White & Case LLP and is listed on the unregulated Alternext market.
About BOURBON
Among the market leaders in marine services for offshore oil & gas, BOURBON
offers the most demanding oil & gas companies a wide range of marine services,
both surface and sub-surface, for offshore oil & gas fields and wind farms.
These extensive services rely on a broad range of the latest-generation vessels
and the expertise of more than 11,000 skilled employees. Through its 29
operating subsidiaries the group provides local services as close as possible to
customers and their operations throughout the world, of the highest standards of
service and safety.
BOURBON provides two operating Activities (Marine Services and Subsea Services)
and also protects the French coastline for the French Navy.
In 2014, BOURBON'S revenue came to ?1,346.4 million and the company operated a
fleet of 505 vessels as of December 31, 2014. Under the "BOURBON 2015 Leadership
Strategy" plan, the group has built a vast fleet of innovative, high-performance
mass produced offshore vessels.
Placed by ICB (Industry Classification Benchmark) in the "Oil Services" sector,
BOURBON is listed on the Euronext Paris, Compartment A.
Contacts
BOURBON
Investor Relations, analysts, shareholders
James Fraser, CFA
+33 491 133 545
james.fraser(at)bourbon-online.com
Corporate Communications
Christelle Loisel
+33 491 136 732
christelle.loisel(at)bourbon-online.com
Media relations agency
Publicis Consultants
Jérôme Goaer
+33 144 824 624
jerome.goaer(at)consultants.publicis.fr
Véronique Duhoux
+33 144 824 633
veronique.duhoux(at)consultants.publicis.fr
Vilizara Lazarova
+33 144 824 634
vilizara.lazarova(at)consultants.publicis.fr
PDF version:
http://hugin.info/159569/R/1914644/684191.pdf
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Source: BOURBON via GlobeNewswire
[HUG#1914644]
Unternehmensinformation / Kurzprofil:
Datum: 24.04.2015 - 14:50 Uhr
Sprache: Deutsch
News-ID 388382
Anzahl Zeichen: 3819
contact information:
Town:
Paris
Kategorie:
Business News
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