Oslo, April 2, 2024
We refer to the announcement published March 22,2024 regarding the successful placement of a new senior secured bond issue.
Floatel International Ltd. (the "Company") has today officially notified Nordic Trustee AS of its decision to exercise the call option to redeem all outstanding bonds under the Company's super senior secured bonds with ISIN NO0012862673 (the "Existing Super Senior Bonds") and the Company's senior secured bonds with ISIN NO0010950868, NO0010950876 and NO0010950884 (the "Existing 1L Bonds").
The Existing Super Senior Bonds will be repaid at a price equal to 108.85719 per cent of par plus accrued and unpaid interest to the date of redemption, with settlement scheduled for April 16, 2024. The record date for the call option will be April 12, 2024.
The Existing 1L Bonds will be repaid at a price equal to 100 per cent of par plus accrued and unpaid interest to the date of redemption, with settlement scheduled for April 16, 2024. The record date for the call option will be April 12, 2024.
For further information, please contact:
Tomas Hjelmstierna, CFO
Tel: +47 46 50 01 33; Mobile: +47 934 00 381