Jacktel AS – Successful placement of new senior secured bond issue

Reference is made to the announcement made 29 October 2018 regarding a potential new senior secured bond issue by Jacktel AS to be used to refinance the outstanding debt of Jacktel AS and Master Marine AS.

Jacktel AS has successfully placed a new senior secured callable bond issue of USD 150 million with maturity in December 2023 and a coupon of 10% p.a. with quarterly interest payments. In addition, the company has received commitment from DNB Bank ASA for a USD 100 million Super Senior Bank Facility. DNB Markets, Fearnley Securities and Pareto Securities acted as Joint Bookrunners for the bond issue.

Settlement date for the bond issue is expected to be 4 December 2018. Total net proceeds will be applied to refinance debt outstanding in Jacktel AS and Master Marine AS.

For further information, please contact:
Bjørn Eie Henriksen, Executive Chairman Master Marine AS
Tel: +47 94 13 04 32
E-mail: bjorn.henriksen@master-marine.no