Pandion Energy AS Successfully Places USD 75M Bond

Source: www.gulfoilandgas.com 5/25/2022, Location: Europe

Pandion Energy AS (“Pandion Energy”) is pleased to announce a successful bond issue of USD 75 million with a tenor of 4 years. The bond issue attracted strong interest from Norwegian and international investors. The purpose of the new bond issue is refinancing of the existing NOK 400 million senior unsecured bonds with maturity in April 2023 (“PANE01 PRO”) as well as general corporate purposes. Upon closing of the new bond issue, Pandion Energy will issue a call notice for full redemption of PANE01 PRO.

ABG Sundal Collier, DNB Markets and Pareto Securities acted as Joint Lead Managers for the bond issue.


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