Successful Placement of Secured Bond Issue
AGR Petroleum Services Holdings AS, a subsidiary of AGR Group ASA, has successfully completed a secured bond issue in the amount of NOK 550 million in the Norwegian bond market with maturity in February 2018.
An application will be made for the bonds to be listed on the Oslo Stock Exchange.
Net proceeds from the contemplated bond issue will be used to refinance existing debt and for general corporate purposes.
Arctic Securities, DNB Markets and Pareto Securities have been retained as arrangers of the bond issue.
For further information, please contact:
AGR Group CFO Svein Sollund at +47 918 06 910
AGR Investor Relations