Odfjell SE: Successful completion of tap issue

Odfjell SE has successfully completed a buyback of NOK 275 million under its outstanding senior unsecured bond issue with maturity in June 2022 and ISIN NO0010796238 (ODF09), and a tap issue of an equal amount under its outstanding senior unsecured bond issue with ISIN NO0010832181 (ODF10) and maturity date in September 2023. Total amount outstanding under the September 2023 bond will after the tap issue be NOK 975 million and the amount outstanding under the June 2022 bond maturity with ISIN NO 0010796238 will be NOK 325 million.

The bonds relating to the September 2023 bond maturity will be issued under a temporary ISIN NO 0011154676, until a listing prospectus for the additional bonds has been approved.

Nordea and Swedbank acted as Joint Lead Managers in connection with the transaction.

For questions, please contact

Terje Iversen, CFO:

Tel: +47 932 40 359

E-mail: terje.iversen@odfjell.com

Gustav Sannem, VP Finance:

Tel: +47 452 69 641

E-mail: gustav.sannem@odfjell.com

Bjørn Kristian Røed, VP Corporate Analysis & IR:

Tel: +47 409 19 868

E-mail: bjorn.kristian.roed@odfjell.com (bkr@odfjell.com)

The Odfjell Group is one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids. The Odfjell fleet comprises of approx. 90 ships, which trade both globally and regionally. The tank terminal division consists of five tank terminals and is part of a network of another 11 tank terminals partly owned by related parties. The tank terminals are strategically located at selected international shipping hubs. The Odfjell Group’s headquarters are in Bergen, Norway, and the Group has offices in 14 locations around the world. Odfjell employs around 2300 staff and posted annual gross revenue of USD 939 million in 2020. Read more on Odfjell.com. 

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