#Norway #Oslo #BlueNord ASA #bond refinancing #BNOR16 bond

BlueNord ASA's Latest Financial Maneuvers

BlueNord ASA has recently taken significant steps to improve its financial position by mandating a series of investor calls to discuss a potential senior unsecured bond issue. This initiative comes as the company seeks to refinance its existing BNOR16 bonds and make necessary repayments.

On May 4, 2026, BlueNord ASA declared that DNB Carnegie, Fearnley Securities AS, and Pareto Securities AS will act as Joint Bookrunners to arrange these crucial meetings with fixed income investors. Additionally, ABN AMRO Bank N.V., Clarksons Securities AS, SB1 Markets AS, and Stifel Nicolaus Europe Limited have been appointed as Co-Managers for this effort.

The proposed bond issue is aimed primarily at refinancing the company's current USD 300 million senior unsecured bonds known as BNOR16, alongside a partial repayment of the RBL (Reserve-Based Lending). The anticipated new bond, which will have a term of five years, could initially be issued in the amount of USD 350 million, contingent on market conditions.

This strategic move is part of BlueNord's broader financial strategy to optimize its capital structure while ensuring that it meets its corporate financing needs effectively. The Company plans to offer existing holders of BNOR16 the opportunity to roll over their bonds at the prevailing make-whole call price. Depending on the successful completion of the new bond issuance, BlueNord intends to call in the remaining outstanding amount of BNOR16 under the same make-whole conditions.

Cathrine Torgersen, Chief Corporate Affairs Officer, underscored the importance of these initiatives in strengthening the company's financial standing and ensuring its operational flexibility. She confirmed that this information is classified as insider information per the EU Market Abuse Regulation and adheres to the Norwegian Securities Trading Act’s disclosure requirements.

By taking proactive steps in managing its financial obligations, BlueNord ASA demonstrates not just a commitment to sound fiscal management but also a forward-thinking approach to navigating the complexities of the financial markets amid fluctuating economic conditions.

For more information, investors and interested parties are encouraged to contact Cathrine Torgersen via phone or email. As BlueNord ASA moves forward with these significant financial undertakings, it reaffirms its dedication to transparency and stakeholder engagement, laying the groundwork for potential growth and stability in the coming years.