DOF Subsea AS contemplates a new unsecured bond issue
DOF Subsea AS, a subsidiary of DOF ASA, contemplates to issue new unsecured bonds in the Norwegian bond market maturing in May 2018.
The contemplated bond issue will have a minimum issue amount of NOK 1 billion.
Net proceeds from the contemplated bond issue will be used to refinance existing bonds and for general corporate purposes.
Arctic Securities, Nordea Markets, Pareto Securities and Swedbank First Securities have been retained as arrangers of the contemplated bond issue.
For further information, please contact:
Mons S. Aase, CEO
Tel: +47 9166 1012
Notes to Editors:
The DOF Subsea Group is a specialist subsea service business that provides subsea construction, subsea engineering, inspection, repair and maintenance and survey services which involve complex and challenging engineering in an international environment.
DOF Subsea owns a large fleet of modern subsea construction, intervention and survey vessels that enable it to offer differentiated positions with its clients and work in long term relationships, which enhance service delivery and reduce overall risk.
The company’s core business is project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the Oil and Gas, Marine Telecommunications and Renewables markets which involve complex and challenging engineering in an international environment.
With a multi-national workforce in excess of 4,000 personnel, DOF ASA is an international group of companies which owns and operates a fleet of modern offshore/subsea vessels, and engineering capacity to service both the offshore and subsea market. With over 30 years in the offshore business, the group has a strong position in terms of experience, innovation, product range, technology and capacity.
DOF’s core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the oil and gas sector. From PSV charter to Subsea engineering, DOF offers a full spectrum of top quality offshore services to facilitate an ever-growing and demanding industry.
The company's main operation centers and business units are located in Norway, the UK, the USA, Singapore, Brazil, Argentine, Egypt, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.