By William Gullotti
Buffalo, N.Y., Jan. 27 – Akastor ASA’s 50% owned affiliate HMH has completed a $150 million placement of senior secured bonds with a three-year tenor, according to a press release.
DNB Markets, Nordea, Pareto Securities and SEB are the joint lead managers for the offering.
As previously reported, proceeds will be used to repay the company’s bridge loan under its current loan facilities as well as for general corporate purposes.
The oil-services investment company is based in Lysaker, Norway.
| Issuer: | HMH
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| Amount: | $150 million
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| Issue: | Senior secured bonds
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| Tenor: | Three years
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| Managers: | DNB Markets, Nordea, Pareto Securities and SEB
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| Pricing date: | Jan. 26
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| Settlement date: | Feb. 10
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