By Wendy Van Sickle
Columbus, Ohio, Nov. 2 – Akastor ASA’s 50% owned affiliate, HMH Holding BV, completed a $200 million issuance of 9 7/8% three-year senior secured bonds, according to a notice.
Proceeds will be used to refinance the issuer’s existing $150 million senior secured bond maturing Feb. 10, 2025 (ISIN: NO0012428996), to fully repay existing bank borrowings and for general corporate purposes.
HMH plans to seek to list the bonds on Oslo Bors.
HMH is a drilling solutions provider based in Lysaker, Norway, which was formed as an independent company in 2021 through the merger of Baker Hughes’ Subsea Drilling Systems business and Akastor ASA’s wholly owned subsidiary, MHWirth AS.
| Issuer: | HMH Holding BV
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| Amount: | $200 million
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| Issue: | Senior secured bonds
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| Tenor: | Three years
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| Coupon: | 9 7/8%
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| Listing: | Oslo
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