By Paul A. Harris
Portland, Ore., June 14 – Euronav NV announced in a Friday press release that it priced a $50 million add-on to the Euronav Luxembourg SA 7½% senior bonds due May 31, 2022 at 101.
Arctic Securities AS, DNB Markets and Nordea acted as joint lead managers for the bond sale.
The tap issue was successfully placed with a range of international investors, the press release stated.
“This is a further positive step for Euronav,” chief executive officer Hugo De Stoop stated in Friday's press release.
“This transaction proves we continue to benefit from a variety of funding options.
“Increasing our presence in the debt capital markets represents an important progression for the company,” De Stoop said.
The issuer is an Antwerp, Belgium-based operator of oil tankers.
| Issuer: | Euronav Luxembourg SA
|
| Amount: | $50 million
|
| Maturity: | May 31, 2022
|
| Security description: | Add-on to 7½% senior bonds due May 2022
|
| Joint lead managers: | Arctic Securities, DNB Markets and Nordea
|
| Coupon: | 7½%
|
| Price: | 101
|
| Announcement date: | June 14
|
| Original issue: | $150 million priced in May 2017
|
| Total issue size: | $200 million
|
© 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.
