Execution of Debt Capital Market Transactions

Source: www.gulfoilandgas.com 4/1/2020, Location: Europe

On Wednesday April 1, 2020 Equinor ASA, guaranteed by Equinor Energy AS, executed a total of USD 5 billion in the debt capital market. The debt capital market transaction consists of the following tranches:

- Issue of USD 1.25 billion 2.875% Notes due April 6, 2025.
- Issue of USD 0.5 billion 3.0% Notes due April 6, 2027.
- Issue of USD 1.5 billion 3.125% Notes due April 6, 2030.
- Issue of USD 0.5 billion 3.625% Notes due April 6, 2040.
- Issue of USD 1.25 billion 3.7% Notes due April 6, 2050.

“Equinor is in a strong position to handle market volatility and uncertainty. In combination with our USD 3 billion action plan to reduce cost, this transaction will further strengthen our financial resilience and flexibility going forward, and ensure liquidity to prioritised projects,” says CFO of Equinor ASA, Lars Christian Bacher.

The net proceeds from the issue of the Notes will be used for general corporate purposes, which may include the repayment or purchase of existing debt or other purposes described in the prospectus supplement for the issue of Notes.

The Notes have been fully subscribed and the settlement date is April 6, 2020.


Iraq >>  4/13/2021 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 54.0 million net to the Company from the Kurdistan Regional Government (KRG...
United States >>  4/13/2021 - Stabilis Solutions, Inc., a leading provider of energy transition services including hydrogen and liquified natural gas ("LNG") fueling solutions, has...

Iraq >>  4/12/2021 - Gulf Keystone confirms that a gross payment of $29.4 million ($23.0 million net to GKP) has been received from the Kurdistan Regional Government ('KRG...
Cameroon >>  4/8/2021 - Victoria Oil & Gas Plc, whose wholly owned subsidiary, Gaz du Cameroun S.A . ("GDC"), the onshore gas producer and distributor with operations locate...

United States >>  4/8/2021 - Diversified Gas & Oil PLC (DGOC), is pleased to announce that the Company's bank lending group, led by KeyBank National Association (the "Bank Group")...
United States >>  4/8/2021 - Occidental (OXY) will announce its first quarter 2021 financial results after close of market on Monday, May 10, 2021, and will hold a conference call...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.