Aker Solutions launches tender offer for floating-rate notes due 2024

By Marisa Wong

Los Angeles, Feb. 14 – Aker Solutions ASA announced an invitation to holders of its outstanding NOK 1 billion floating-rate bonds due June 2024 (ISIN: NO0010853286) to tender any and all of their bonds for purchase for cash.

Aker is offering to purchase the bonds at 102 plus accrued interest, according to a notice.

The offer expires at 6 a.m. ET on Feb. 17.

Settlement is slated for Feb. 22.

Nordea Bank Abp (nordealiabilitymanagement@nordea.com) is the dealer manager.

The offer is part of the issuer’s efforts to actively manage its balance sheet.

Aker is an engineering company based in Oslo.

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