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Aker Solutions — Capital/Financing Update 2023
Feb 14, 2023
3531_iss_2023-02-14_e96d0b68-2c98-47fd-b65e-f7beb1f70dc5.html
Capital/Financing Update
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Aker Solutions announces tender offer for its outstanding NOK bonds
Aker Solutions announces tender offer for its outstanding NOK bonds
February 14, 2023 - NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR
RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO
RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE
NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF
COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED) (THE "SECURITIES ACT") OR IN ANY
JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS
DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN
PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.
Aker Solutions ASA (the "Issuer") is offering holders of the Issuer's
outstanding NOK 1,000,000,000 senior unsecured floating rate bonds due June 2024
(ISIN NO0010853286) (the "Bonds"), to tender any and all of their Bonds for
purchase by the Issuer for cash at a purchase price of 102.00% of the nominal
amount, plus any accrued and unpaid interest (the "Tender Offer"). The Bonds
will be repurchased subject to the terms and conditions described in a tender
information document dated 14 February 2023 (the "Tender Information Document").
The Tender Offer is being made as part of the Issuer's commitment to exercise
active management of its balance sheet.
The Tender Offer expires at 12:00 CET on 17 February 2023, unless extended, re
-opened, withdrawn or terminated at the sole discretion of the Issuer (the
"Expiration Date"). The Issuer will announce the results and whether any Bonds
will be accepted under the Tender Offer as soon as reasonably practicable after
the Expiration Date. Settlement of the Tender Offer is expected to occur on or
around 22 February 2023.
The terms and conditions of the Bonds will continue to be in effect for
bondholders who do not participate in the Tender Offer, or whose Bonds are not
accepted for repurchase by the Issuer.
The full terms and conditions of the Tender Offer can be found in the Tender
Information Document attached to this press release.
The Issuer has mandated Nordea Bank Abp to act as dealer manager for the Tender
Offer.
ENDS
Dealer Manager:
Nordea Bank Abp: +45 6136 0379 / [email protected]
Investor Contact:
Preben Ørbeck, mob: +47 470 10 611, email:
[email protected] (Preben Ørbeck, mob: +47 470 10 611, email:
Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employs approximately 15,000
people in more than 20 countries.
Visit akersolutions.com and connect with us on
Facebook (https://www.facebook.com/AkerSolutions/),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions),
Twitter (https://twitter.com/akersolutions) and
YouTube (https://www.youtube.com/akersolutions).
This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading
Act.
This stock exchange release was published by Daniel Ingebricson, Communications,
Aker Solutions, on February 14, 2023 at 10:30 CET.