ABG Sundal Collier acted as Sole Manager and Bookrunner for Lime Petroleum Holding AS’ new NOK 1,100m senior secured bond issue

Lime Petroleum Holding (“LPH”) owns a 100% stake in Lime Petroleum AS; a Norwegian E&P company with producing assets on the NCS, 100% of the shares in Akrake Petroleum Benin SA (holding a 76% working interest in the Sèmè Field in Benin) and 100% of the shares in Lime Germany Resources GmbH (a German E&P company with producing assets onshore Germany). LPH now holds an attractive asset portfolio of 34 mmboe of 2P reserves and 38 mmboe of 2C resources.
The net proceeds from the bond issue will be applied towards corporate purposes of the Group, including development of the German E&P asset and partial refinancing of its existing bond with ISIN NO0013276410.
Following a successful three-day virtual roadshow with investor meetings, the bond issue received notable demand from a diverse group of domestic and international high-quality institutional and private investors.