Ocean Yield ASA: Successful placement of new unsecured bond issue

12 Sep 2016

Ocean Yield ASA ("Ocean Yield" or the "Company") has successfully completed a new unsecured bond issue of NOK 750 million with maturity date in September 2021, carrying a coupon of 3 months NIBOR + 4.50% p.a. with quarterly interest payments. The net proceeds from the bond issue will be used to refinance existing debt from Aker ASA, finance future growth and for general corporate purposes. Concurrently, Ocean Yield has today repurchased NOK 245.5 million of OCY 02 with maturity in 2019 and NOK 92.5 million of OCY 03 with maturity in 2020, to extend the average maturity of its outstanding bond loans. Danske Bank, DNB Markets, Nordea Markets, Pareto Securities and Skandinaviska Enskilda Banken acted as joint lead arrangers in connection with the placement of the new bond issue. An application will be made for the bonds to be listed on Oslo Stock Exchange. For further information, please contact: Eirik Eide, CFO Tel: +47 24 13 01 91 / Mob: +47 95 00 89 21 Lars Solbakken, CEO Tel. +47 24 13 01 90 / Mob: +47 91 19 88 44 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.