On Thursday 26 February 2026, Odfjell Technology Ltd successfully completed a tap issue of NOK 600m in its outstanding senior secured bonds with maturity 16 September 2028. Following the tap issue, the total outstanding amount under the bonds will be NOK 1,700m. The tap issue attracted strong demand from high-quality Nordic and international institutional investors and was priced at 102.9% of par. The proceeds will be used to finance the acquisition of a majority stake in Kaseum and Razor Oiltools, refinancing of existing debt and for general corporate purposes.
Odfjell Technology is listed on Euronext Oslo Børs and is a leading provider of well services, delivering safe, efficient and sustainable solutions that span the entire well lifecycle, from construction and completion to intervention, maintenance and abandonment.
We would like to congratulate Odfjell Technology with two attractive M&A transactions and a highly successful bond issue.

Published: 27 Feb, 2026