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Published on 5/16/2019 in the Prospect News High Yield Daily.

New Issue: Exmar prices NOK 650 million three-year notes at Nibor plus 875 bps

By Angela McDaniels

Tacoma, Wash., May 16 – Exmar NV subsidiary Exmar Netherlands BV issued NOK 650 million of floating-rate senior notes due May 2022, according to a company news release.

The coupon is three-month Nibor plus 875 basis points.

DNB Markets, Nordea and Pareto Securities AS acted as joint lead managers.

Proceeds will be used to repurchase NOK 104 million and about $1.8 million of the EXMAR01 bond issue maturing in July.

Exmar is an Antwerp, Belgium-based company that provides LNG, offshore and LPG supply chain solutions.

Issuer:Exmar Netherlands BV
Issue:Senior notes
Amount:NOK 650 million
Maturity:May 2022
Lead managers:DNB Markets, Nordea and Pareto Securities AS
Coupon:Three-month Nibor plus 875 bps
Announcement date:May 16

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