By Mary-Katherine Stinson
Lexington, Ky., Jan. 10 – Rex International Holding Ltd. announced that its subsidiary Lime Petroleum AS raised NOK 250 million, or approximately $25.3 million, through a tap of its existing senior secured floating-rate bonds, according to a notice.
The bonds will be issued on Jan. 18 at 99.25.
With the completion of the tap issue, the total issue size will be increased to NOK 1.2 billion, or approximately $121.4 million.
Lime Petroleum is a 91.65% subsidiary of Rex International. The oil and gas companies are based in Oslo and Singapore, respectively.
| Issuer: | Lime Petroleum AS
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| Amount: | NOK 250 million
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| Issue: | Senior secured floating-rate bonds
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| Price: | 99.25
|
| Announcement date: | Dec. 23
|
| Settlement date: | Jan. 18
|
| ISIN: | NO0012559246
|
| Total amount outstanding: | NOK 1.2 billion
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