Aker Horizons ASA Initiates Buy-Back Offer for Convertible Bonds to Strengthen Financial Position

Aker Horizons ASA Launches Buy-Back for Convertible Bonds

In a significant move aimed at strengthening its financial framework, Aker Horizons ASA has initiated a buy-back offer for its Convertible Bonds issued for the period 2021-2026. This decision comes closely after the company disclosed its plans for a merger and an early repayment of its NOK 2.5 billion green bond, highlighting a pivotal moment in its strategic evolution.

On May 9, 2025, Aker Horizons announced various financial initiatives, including the intent to repurchase NOK 1.6 billion worth of its Convertible Bonds, identified by ISIN NO0010921596. The decision underscores the company's commitment to improving its capital structure in response to market dynamics and internal assessments.

The company’s latest announcement detailed an irrevocable cash buy-back offer to all holders of the Convertible Bonds at a price set at 93% of the par value. This offer is expected to attract a substantial number of bondholders looking to capitalize on the opportunity to liquidate their holdings amid an evolving financial climate.

Significantly, Aker Capital AS, holding a significant NOK 1.3 billion in par value of these bonds, has opted not to participate in the redemption offer, signaling its trust in Aker Horizons' long-term strategy. The inclusion of DNB Carnegie as the designated manager for this buy-back offer further emphasizes the strategic nature of this operation, providing a structured approach to engaging with bondholders.

Eligible bondholders will receive direct communication from the Manager regarding the buy-back process. They can also reach out via email to obtain the required offer form to facilitate the transaction. The deadline for bondholders wishing to accept this offer is set for 16:00 CEST on May 16, 2025, with Aker Horizons anticipating to announce the results of the buy-back process shortly after on May 19.

This initiative not only indicates Aker Horizons' proactive steps in managing its financial liabilities but also reflects a broader strategy aimed at enhancing shareholder value and solidifying its market position amid competitive pressures. The company's focus on sustainability, as evidenced by its green bond repayment plans, further aligns with its strategy to reinforce its environmental commitments while maintaining financial prudence.

The strategic decisions made by Aker Horizons, including this buy-back offer, will be closely watched by investors and analysts alike as they navigate the implications of these moves on the company’s market performance and overall financial health in a rapidly changing economic landscape.

For more information, bondholders can contact Kristoffer Dahlberg, Chief Financial Officer, or reach out to Jonas Gamre in Investor Relations for inquiries related to this offer. The company’s robust approach, backed by these decisions, aims to fortify its position as a leader in sustainable energy and financial stability.