ABG Sundal Collier acted as joint lead manager for the USD 225 million senior secured bond issue by Mime Petroleum AS

Mime Petroleum has successfully raised a USD 225m senior secured bond issue. The net proceeds will be used to refinance the Company’s outstanding reserve-based lending facility and the existing NOK 300 million MIME01 PRO bonds (ISIN NO 0010875032) in full, and finance capital expenditures related to the Balder X redevelopment. The senior secured bond issue has a fixed coupon of 10.25% p.a. and received strong demand from a high quality and global investor base. The transaction was over-subscribed following a five-day virtual roadshow and bookbuilding period.