Successful placement of senior unsecured bonds

Ocean Yield AS (“Ocean Yield”) has successfully completed a new bond issue of NOK 1,251 million, carrying a coupon of 3 months NIBOR + 3.15% p.a. with quarterly interest payments. The bond issue attracted strong interest and was well oversubscribed.

The net proceeds from the bond issue will be applied towards refinancing of outstanding debt, facilitate growth, and general corporate purposes.

In conjunction with the new bond issue, Ocean Yield has repurchased NOK 139.5 million of outstanding bonds with ticker OCY07 (ISIN: NO0010869720). Ocean Yield now holds NOK 600 million in OCY07 where the total nominal outstanding amount is NOK 750 million.

Arctic Securities, Danske Bank, DNB Markets, Nordea and SEB acted as Joint Lead Managers in connection with the placement of the new bond issue. BAHR acted as legal advisor to the company. An application will be made for the bonds to be listed on Oslo Børs.