Aker to partially prepay revolver borrowings via new note proceeds

By Sarah Lizee

Olympia, Wash., Jan. 8 – Aker BP ASA plans to partially prepay outstanding borrowings under its revolving credit facility with proceeds from a new offering of notes, according to a press release.

The company announced on Wednesday that it plans to conduct a Rule 144A and Regulation S offering of five-year and 10-year senior notes.

Proceeds will also be used for general corporate purposes.

Aker BP is an oil exploration and development company based in Trondheim, Norway.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.