Archer Limited (“Archer”, the “Company” and together with its subsidiaries the “Group”) has today successfully priced a USD 425 million senior secured bond due 25. February 2030 (the “Bonds”). The Bonds will carry a fixed coupon of 9.5% p.a., payable semi-annually.
The net proceeds from the bond issue will be used to refinance existing debt of the Group and for general corporate purposes. An application will be made for the Bonds to be listed on the Nordic ABM. Archer Norge AS, Archer Limited’s indirect subsidiary, will be the issuer of the bond.
Arctic Securities, DNB Markets, a part of DNB Bank ASA and Pareto Securities acted as Joint Bookrunners, Sparebank 1 Markets as Joint Lead Manager and Fearnley Securities as Co-Managers, for the new bond issue.
