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The bond issue was substantially oversubscribed. The bonds will have a coupon of 3 month Nibor + 3.15% p.a., and will be applied for listing on the Oslo Stock Exchange. Settlement date will be January 25, 2018.
The proceeds will be used for general corporate purposes.
"We are very pleased with a well-executed placement," said Chief Financial Officer Svein Stoknes at Aker Solutions. "We have seen solid investor interest and achieved competitive terms that reflect Aker Solutions' strong credit position."
DNB Markets, Nordea, SEB and Swedbank acted as joint lead managers for the bond issue.
Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 14,000 people in about 20 countries. Go to http://akersolutions.com for more information on our business, people and values.
This press release may include forward-looking information or statements and is subject to our disclaimer, see http://akersolutions.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.