DOF Subsea AS - successful placement of new unsecured bond issue

DOF Subsea AS, a subsidiary of DOF ASA, has successfully completed a new unsecured bond issue of NOK 1.3bn with maturity in May 2018. An application will be made for the bonds to be listed on the Oslo Stock Exchange.

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

Arctic Securities, Nordea Markets, Pareto Securities and Swedbank First Securities acted as joint lead arrangers in connection with the placement of the new bond issue.

For further information, please contact: 

Mons S. Aase, CEO

Tel: +47 9166 1012

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.