Okea ASA has mandated DNB Markets and SpareBank 1 Markets to arrange a series of investor meetings commencing Wednesday 20 November. Following the meetings, a new USD senior secured bond issue with a 5 year tenor may follow, subject to inter alia market conditions. Proceeds from the potential bond issue would mainly be applied for a refinancing of the company’s bonds maturing in November 2020 with ticker OKEA01 and ISIN NO0010810062. In conjunction with the potential bond issue, the company may offer a conditional buy-back of OKEA01, after which remaining OKEA01 bonds would be called.
In connection with this announcement, an updated corporate presentation has been published on https://www.okea.no/investor/reports/
For further info please contact
Erik Haugane, CEO, + 47 907 21 655
Ståle Myhre, VP Investor Relations, + 47 917 51 878
OKEA ASA is an Exploration and Production (E&P) company and operator on the Norwegian Continental Shelf with production of ~20 000 boe per day. The company aims to grow through low-cost field developments of discoveries with reserves up to 100 million boe and mergers and acquisitions (M&A). The operating organisation is built on the acquisition of the producing field Draugen in 2018.
OKEA ASA is listed on Oslo Stock Exchange under the ticker “OKEA”.
More information on www.okea.no