Floatel International Ltd: Successful placement of senior secured bonds

2024-03-22

Oslo, March 22, 2024


Floatel International Ltd has today successfully placed a new senior secured bond issue of USD 350 million, carrying a coupon of 9.75%. Net proceeds from the bond issue will be used to refinance all existing outstanding bonds and general corporate purposes.


DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS acted as Joint Bookrunners for the bond issue. An application will be made for the bonds to be listed on Oslo Børs.


For further information, please contact:

Peter Jacobsson, CEO

Tel: +47 46 50 01 33; Mob: +47 934 00 232

Tomas Hjelmstierna, CFO

Tel: +47 46 50 01 33; Mob: +47 934 00 381