BW Offshore: Successful placement of bond
Reference is made to the notification sent on 1 March 2012 regarding a potential new bond issue by BW Offshore Limited. A NOK 500 million senior unsecured bond issue with expected maturity date on 15 March 2017 has successfully been completed. Settlement date is expected to be 15 March 2012.
The proceeds will be used for general corporate purposes.
An application will be made for the bonds to be listed on Oslo Børs.
DNB Markets, Nordea Markets, Pareto Securities and SEB Merchant Banking acted as joint lead managers of the bond issue.
For further information, please contact:
Knut R. Sæthre, CFO, +47 9111 7876
Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322
About BW Offshore:
BW Offshore is a leading global provider of floating production services to the oil and gas industry. With the acquisition of Prosafe Production in 2010, the company has become the world's second largest contractor with a fleet of 14 FPSOs and 2 FSOs represented in all major oil regions world-wide. BW Offshore has an excellent track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In 30 years of production, BW Offshore has successfully executed more than 30 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange. Further information is also available on www.bwoffshore.com