Noreco contemplates bond issue
(Thomson Reuters ONE) -
Stavanger, 30 March 2011: Norwegian Energy Company ASA (Noreco, OSE: NOR) is
contemplating the issuance of a new senior secured bond with maturity date in
April 2016.
The borrowing amount is minimum NOK 550 million, however not more than NOK 600
million. The net proceeds from the contemplated bond issue will be used for (i)
financing of Noreco's share of the costs associated with the Oselvar development
and (ii) other petroleum activities on the Norwegian continental shelf.
First Securities and Pareto Securities are acting as joint managers and SEB
Merchant Banking is co-manager of the contemplated bond issue.
For further information, please contact:
Rebekka Glasser Herlofsen, CFO (+47 916 60 269)
Kjetil Bakken, VP Strategy and Investor Relations (+47 91 889 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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: NORECO via Thomson Reuters ONE
[HUG#1501695]
Unternehmensinformation / Kurzprofil:
Datum: 30.03.2011 - 14:15 Uhr
Sprache: Deutsch
News-ID 52959
Anzahl Zeichen: 1561
contact information:
Town:
Stavanger
Kategorie:
Business News
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