Released to the Oslo Stock Exchange
AGR Petroleum Services Holdings AS contemplating secured bond issue
AGR Petroleum Services Holdings AS, a subsidiary of AGR Group ASA, is contemplating the issuance of secured bonds in the Norwegian bond market with maturity in January 2018. The contemplated bond issue will be in the amount of NOK 550 million.
Net proceeds from the contemplated bond issue will be used to refinance existing debt and for general corporate purposes.
AGR Group ASA is also in advanced talks with its banks to refinance its Drilling Services division. This will complete the refinancing of AGR Group ASA.
Arctic Securities, DNB Markets and Pareto Securities have been retained as arrangers of the contemplated bond issue.
For further information, please contact: AGR Group CFO Svein Sollund at +47 918 06 910