ABG Sundal Collier acted as Joint Lead Manager and Sustainability Structuring Advisor for NES Fircroft in connection with the issuance of a new USD 300 million Senior Secured Sustainability-Linked Bond Issue

On Wednesday 14 September 2022, NES Fircroft Bondco AS (“NES Fircroft”, the “Company”) successfully completed the issuance of a new USD 300 million Senior Secured Sustainability-Linked Bond Issue. The bond issue incorporates sustainability-linked characteristics approved by second opinion provider DNV and has received preliminary credit ratings (CFR / bond) from Moody’s (B1/B2) and S&P (B/B). The net proceeds from the bond issue will be employed to refinance the existing debt of the group and for general corporate purposes. The new bond issue will play an integral part in enabling NES Fircroft to deliver on the Company’s ambitious organic and in-organic growth strategy going forward. Following a comprehensive two-week digital roadshow, the bond issue received strong demand from a wide array of high-quality institutional investors, across all international geographies.