Aker Solutions ASA: Successfully Completed Bond Issue

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Reference is made to the announcement on May 14, 2019. Aker Solutions ASA has today successfully completed a NOK 1,000 million senior unsecured bond issue with maturity in June 2024.

The bond issue was considerably oversubscribed. The bonds will have a coupon of 3 month Nibor + 3.00% p.a., and will be applied for listing on the Oslo Stock Exchange. Settlement date will be June 3, 2019.

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

In connection with the bond issue, the company bought back NOK 168 million of the outstanding volume in ISIN NO0010661051 (AKSO02) maturing in October 2019 at a price of 101.31%.

"We are very pleased with a well-executed placement," said Chief Financial Officer Svein Stoknes at Aker Solutions. "We have seen solid investor interest and achieved competitive terms that reflect Aker Solutions' strong credit position."

DNB Markets, Nordea, SEB and Swedbank acted as joint lead managers for the bond issue.


Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the future. Aker Solutions employs approximately 15,000 people in more than 20 countries.

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This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.