Aker Horizons ASA Announces Results from Convertible Bond Buy-Back Offer

Aker Horizons ASA Reports on Convertible Bond Buy-Back Offer

On May 19, 2025, Aker Horizons ASA released significant information regarding its buy-back offer for Convertible Bonds issued in 2021, linked to their 2026 maturity. This announcement follows a prior communication made on May 12, 2025, highlighting the company's strategy and objectives concerning these financings.

Background on the Buy-Back Offer

The Convertible Bonds in question, identified with ISIN NO0010921596, were part of a financial mechanism aimed at providing flexibility and financing options for the company. As per their initial proposal, Aker Horizons sought to buy back these bonds to potentially improve their balance sheet and optimize capital structure.

However, the results of the buy-back offer indicate that the company did not purchase any bonds during this phase. As it stands, there remains an outstanding amount of NOK 1.6 billion in Convertible Bonds, with NOK 1.3 billion held by Aker Capital AS, a significant stakeholder in Aker Horizons. This situation underscores the current dynamics of the bond market, where investor sentiment and conditions can significantly influence corporate decisions regarding bond buy-backs.

Analysis of the Outcome

Despite the absence of buy-backs, the value of the outstanding bonds speaks volumes about Aker Horizons' financial health and strategies. The focus of retaining such a substantial amount of bonds may reflect a cautious approach towards managing their liabilities while assessing market reactions. The lack of repurchase reflects both market conditions and the company's broader long-term financial strategy.

Role of DNB Carnegie

DNB Carnegie, an affiliate of DNB Bank ASA, was appointed as the Manager for the buy-back offer. Their role likely included assessing market conditions and advising Aker Horizons on the feasibility and timing of such offers. Their experience in managing such financial activities would have been invaluable in guiding Aker Horizons through this process.

Regulatory and Legal Considerations

It is important to note that this announcement is strictly for informational purposes and should not be viewed as a solicitation for securities sale or purchase. In any jurisdiction, where such solicitation is not authorized or could be deemed illegal, the company has reinforced its commitment to abide by these regulations. Investors are reminded to exercise caution and conduct thorough analysis before making any investment decisions.

The communication emphasizes that the publication, release, and distribution of such announcements may be subject to legal restrictions, particularly in specific jurisdictions. Compliance with local laws is critical to avoid legal repercussions.

Conclusion

In conclusion, Aker Horizons ASA is navigating a complex landscape concerning its Convertible Bonds. While the recent buy-back offer did not yield the results expected within their strategic financial planning, the situation remains an opportunity for the company to reassess its financial instruments and investment approaches. Stakeholders and potential investors are keenly observing these developments as Aker Horizons continues to forge its path in the renewable energy sector and beyond.

For further investor inquiries, Aker Horizons has provided contact details for their Investor Relations, where representatives are available to address concerns and provide more insights into the company's operational strategies moving forward.