DNO ASA: Exercise of Bond Call Option
(Thomson Reuters ONE) -
Oslo, 24 June 2015 - DNO ASA, the Norwegian oil and gas operator, today
announced the exercise of its option to call all outstanding bonds under FRN DNO
ASA Senior Unsecured Callable Bond Issue 2011/2016, including the USD tranche
with ticker DNO13 and ISIN NO0010606189 and the NOK tranche with ticker DNO14
and ISIN NO0010606197, at a redemption price of 101.5 percent of par value as
provided for under Clause 10.2.2 of the Bond Agreement.
The call date is 24 June 2015 with settlement on 6 August 2015. The outstanding
amounts, excluding bonds previously repurchased and held by the company, are USD
124.6 million in the USD tranche and NOK 421 million in the NOK tranche.
Following the exercise of the call option, the company's remaining debt consists
of USD 400 million of new, five-year senior unsecured bonds issued on 19 June
2015.
--
For further information, please contact:
Media: media(at)dno.no
Investors: investor.relations(at)dno.no
Tel: +47 911 57 197
--
DNO ASA is a Norwegian oil and gas operator focused on the Middle East and North
Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the company holds
stakes in onshore and offshore licenses at various stages of exploration,
development and production in the Kurdistan region of Iraq, Yemen, Oman, the
United Arab Emirates, Tunisia and Somaliland.
--
This information is subject to 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: DNO ASA via GlobeNewswire
[HUG#1930827]
Unternehmensinformation / Kurzprofil:
Datum: 24.06.2015 - 08:01 Uhr
Sprache: Deutsch
News-ID 402629
Anzahl Zeichen: 2316
contact information:
Town:
Oslo
Kategorie:
Business News
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"DNO ASA: Exercise of Bond Call Option"
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