ABG Sundal Collier acted as sole Manager and Bookrunner for Lime Petroleum Holding AS’ NOK 1,200 million, 3-year Senior Secured Bond Issue

Lime Petroleum Holding AS (“Lime Petroleum Holding”) holds a ~92% stake in Lime Petroleum AS with producing assets on the NCS. In addition, Lime Petroleum Holding has entered into a tripartite agreement to acquire Akrake Petroleum Benin SA (the “Benin Transaction”). The Benin Transaction is expected to close during Q3 2024. The net proceeds from the bond issuance will be used to refinance existing bond debt, for development capex and general corporate purposes.
The company holds 21 mmboe of 2P reserves and 25 mmboe of 2C resources. 2024 production is estimated to be approximately 8 400 boepd.
Following a successful one-week roadshow with virtual investor meetings, the bond issue received notable demand from a diverse group of domestic and international high-quality institutional and private investors. The bonds will be listed on the Oslo Stock Exchange or on the Nordic ABM.