ABG Sundal Collier acted as Joint Lead Manager and Bookrunner for NES Fircroft in connection with its USD 350 million senior secured bond issue

NES Fircroft has successfully completed the issuance of a new 5-year USD 350 million senior secured bond. The bond has been assigned preliminary credit ratings from Moody’s (B1/B2) and S&P (B/B). The net proceeds will be used to refinance the company’s existing USD 300 million senior secured bond and for general corporate purposes. The bond attracted strong demand from a broad range of high-quality institutional investors globally. Due to strong operational and financial development in the company since the inaugural bond issued in 2022, NES Fircroft achieved a significant reduction in the coupon and the refinancing will support NES Fircroft’s strategic agenda and growth plans going forward.