PA Resources has successfully completed a bond issue
(Thomson Reuters ONE) - The oil and gas group PA Resources AB has successfully completed anew unsecured bond issue of NOK 500 million. The bond loan furtherextends PA Resources' financial capacity.The total amount of the new unsecured bond loan is NOK 500 million(equivalent to approximately SEK 615 million).The bonds carry a coupon rate of 3 months NIBOR + 7.50 % and interestpayment days will be in March, June, September and December 2010. Thebonds will be fully repaid on the maturity date in March 2011. PAResources will apply for listing of the bonds on the Oslo StockExchange's Alternative Bond Market (ABM).- We are very pleased with the swift process of the issue and thereception of the loan in the capital market.This is another successful element in our financing structure, saysBo Askvik, Executive Vice President and CFOof PA Resources AB.The net proceeds will be used for general corporate purposes as wellas to refinance the existing bond loan which expires in March 2010.Fearnley Fonds ASA and Pareto Securities AS have acted as Managersfor the bond issue.Stockholm, December 3, 2009PA Resources AB (publ)For further information, please contact:Bo AskvikExecutive Vice President and CFOPA Resources ABTelephone: +46 708 19 59 18E-mail: bo.askvik(at)paresources.sePA Resources AB (publ) is an international oil and gas group with thebusiness strategy to acquire, develop, exploit and divest oil and gasreserves, as well as explore new findings. The Group operates inTunisia, United Kingdom, Denmark, Greenland, Netherlands, EquatorialGuinea and the Republic of Congo (Brazzaville). PA Resources is todayone of the largest oil producers in Tunisia and is also producing oilin the Republic of Congo. The parent company is located in Stockholm,Sweden.PA Resources' net sales amounted to SEK 2,420 Million during 2008.The company is listed on the NASDAQ OMX Nordic Exchange in Stockholm,Sweden (segment Mid Cap) and on the Oslo Stock Exchange in Norway(segment OB Match). For additional information, please visitwww.paresources.se.http://hugin.info/130006/R/1358886/331027.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 03.12.2009 - 08:45 Uhr
Sprache: Deutsch
News-ID 9196
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