AGR Petroleum Services Holdings AS contemplating secured bond issue

1/16/2013 7:03 AM EST

AGR Petroleum Services Holdings AS, a subsidiary of 
AGR Group ASA, is contemplating the issuance of 
secured bonds in the Norwegian bond market with 
maturity in January 2018. The contemplated bond issue 
will be in the amount of NOK 550 million.

Net proceeds from the contemplated bond issue will be 
used to refinance existing debt and for general 
corporate purposes.

AGR Group ASA is also in advanced talks with its 
banks to refinance its Drilling Services division. 

This will complete the refinancing of AGR Group ASA.

Arctic Securities, DNB Markets and Pareto Securities 
have been retained as arrangers of the contemplated 
bond issue.

For further information, please contact: 

AGR Group CFO Svein Sollund at +47 918 06 910

Arctic Securities: Fabian Qvist phone + 47 21 01 31 91

DNB Markets: Nils-Jørgen Fimland phone + 47 24 16 90 
23

Pareto Securities: Inge Edvardsen phone +47 22 87 87 
71