ABG Sundal Collier acted as sole manager in connection with the EUR 87 million senior secured bond issue for Tulip Oil Netherlands Offshore B.V.

Deal announcement

On Wednesday 11 October, Tulip Oil successfully completed the issuance of a EUR 87 million senior secured bond with maturity date in October 2022. The net proceeds from the bond issue will enable the company to push forward with its development of the Q07A field, which is the largest gas discovery offshore in the Netherlands for the last 15 years.
 

About Tulip Oil: 

Tulip Oil is a private company owned by funds advised by Global Natural Resource Investments, a private equity investor focusing on oil and gas, and management. The Group currently owns both offshore and onshore Netherlands gas assets as well as an onshore German oil business. The company’s main asset is the Q07A field which was discovered in July 2015.