Aker Solutions ASA: Contemplating Bond Buy-Back
March 11, 2022 - Aker Solutions ASA (the "Company") is contemplating a buy-back of AKSO03 (ISIN: NO0010814213) FRN Aker Solutions ASA Senior Unsecured NOK 1,500,000,000 Bond Issue 2018/2022, maturing on July 25, 2022.
DNB Markets and SEB are acting as Managers of the buy-back. The buy-back will be conducted as a "reverse Dutch auction", where the Company, through the Managers, will receive offers for desired volume(s) at desired price(s) for sale from the bondholders on a confidential basis. The Company reserves the right to accept any volume up to an accepted price, or to reject all received offers in the contemplated buy-back.
All bondholders (subject to legal constraints, if any) are hereby invited and are eligible to provide offers for sale of all or a portion of their bonds through submission of the attached bondholders offer form (the "Bondholders Offer Form").
Due date for submission is 16:00 CET, March 15, 2022. Prior to 09:00 CET, March 16, 2022, the Company will decide upon the highest buy-back price (the "Buy-Back Price") the Company accepts and consequently the total amount of bonds to be purchased, if any. All bondholders with offers equaling the Buy-Back Price or lower will receive the Buy-Back Price (plus accrued interest) on amounts offered within the accepted maximum price. Cash settlement including accrued interest is set to March 18, 2022.
In the attached Bondholder’s Offer Form further details and restrictions related to the offer is stated. Each bondholder must on its own consider if it is covered by any restrictions that hinders it from participating in the offer.
All submissions of Bondholders Offer Form are to be sent by e-mail to DNB Markets, Debt Capital Markets and/or SEB, Debt Capital Markets no later than 16:00 CET, March 15, 2022, represented by:
Jarl Brevik, e-mail: jarl.brevik@dnb.no, tel: +47 97 66 99 16
Knut Kobberstad, e-mail: knut.kobberstad@seb.no, tel: +47 48 40 22 40
The Company may, at its sole discretion amend, extend, terminate or withdraw the offer at any time until the time of expiry of this offer. Any prospective changes to this offer will be announced on www.stamdata.com
Information about Aker Solutions, company financials and stock exchange releases can be found at www.akersolutions.com/investors
Please see Bondholders Offer Form attached.
ENDS
Head of Investor Relations:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com
Head of Treasury:
Arild F. Andersen, mob: +47 90 97 68 33, email: arild-f.andersen@akersolutions.com
Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 15,000 people in more than 20 countries.
Visit akersolutions.com and connect with us on Facebook, Instagram, LinkedIn, Twitter and YouTube.
This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange release was published by Lars Kulsrud, Senior Manager, Communications, Aker Solutions, on March 11, 2021 at 12:30 CET.