Result of Exchange Offer and Amendment of SIOFF02

Reference is made to the press release dated 30 April 2018 relating to the exchange offer launched on 23 April 2018, whereby holders of bonds in FRN Siem Offshore Inc. Senior Unsecured Bond Issue 2013/2018 - ISIN NO 001 067044.1 - ("SIOFF01") were offered to exchange their bonds for bonds in NOK 700,000,000 FRN Siem Offshore Inc. Senior Unsecured Bond Issue 2014/2019) - ISIN NO 001 0708670 ("SIOFF02"). Following adjustments the final result of the exchange offer is that the offer was accepted for a total nominal value of NOK 250 million in SIOFF01. Based on the terms of the exchange, a total nominal value of NOK 200 million in SIOFF02 will be issued upon completion of the offer. Settlement of the offer will take place on 4 May 2018.

Published 03-05-2018 in the Investor category
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