Farstad Shipping ASA - Contemplating new bond issues

Farstad Shipping ASA is contemplating the issuance of new 5 year and/or 7 year unsecured bonds in the Norwegian bond market.
   
The net proceeds from the contemplated bond issues will be used for general corporate purposes including refinancing of existing debt.

DNB Markets, Nordea Markets and Swedbank First Securities have been appointed Joint Lead Managers of the potential transactions.

Contacts for further information:

CEO Karl-Johan Bakken - tel. [phone]
CFO Torstein L. Stavseng - tel. [phone]

Farstad Shipping's fleet currently consists of 58 vessels (29 AHTS, 26 PSV and 3 SUBSEA) and 3 PSV, 3 AHTS and 1 SUBSEA under construction. The company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2080 employees engaged onshore and offshore. The company's strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry. The company maintains a long-term charter profile for the fleet.

www.farstad.com

 

 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Farstad Shipping ASA via Thomson Reuters ONE

HUG#1701947