Aker BP ASA announces launch of offering of five and/or ten year U.S. dollar-denominated Senior Notes
Aker BP ASA (the “Company”) announced today that it has launched an offering (the “Offering”) of five year and/or ten year U.S. Dollar-denominated Rule 144A/Regulation S senior unsecured notes (the “Notes”). The interest rate, offering price and certain other terms will be determined at the time of pricing of the Notes, subject to market conditions. The Company intends to use the net proceeds of the Offering to redeem all the outstanding the $400,000,000 in aggregate principal amount of the Company’s 6% Senior Notes due 2022, issued pursuant to an indenture dated July 5, 2017 and to pay