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Published on 3/12/2018 in the Prospect News High Yield Daily.

Norway’s Aker BP announces $500 million senior notes offering

By Paul A. Harris

Portland, Ore., March 12 – Aker BP ASA announced in a Monday press release that it has launched a $500 million offering of senior notes via Rule 144A and Regulation S.

The Fornebu, Norway-based oil exploration and development company intends to use the proceeds to partially repay drawn commitments under the its reserves-based lending facility.


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